Describe the technologies that made the new world economic system possible

What will be an ideal response?


The new world economic system was made possible by such tools of trade as the compass and the oceangoing sailing vessel. They included the political and military power, including guns, for the domination of other societies and extracting their resources. Organizational methods for controlling land and labor and including local currencies in the larger market economy also contributed to the growth of the new world economic system. The new system was also aided by the development of financial and accounting systems, which led to the creation of banks.

Sociology

You might also like to view...

Education is presumed by many people to be the ________ in the United States

a. assimilation model b. great equalizer c. pluralistic model d. hotbed of social Darwinism

Sociology

Gerhard Lenski argues that social inequality may have once served the overall purposes of society, but the degree of social and economic inequality that now exists far exceeds the need to provide for goods and services. This facet of Lenski's analysis is consistent with which perspective?

A. global perspective B. functionalist perspective C. conflict perspective D. interactionist perspective

Sociology

Which of the following best explains the global trend toward later marriages in the last several decades?

a. the resurgence of social conservatism b. increases in postsecondary school enrollment c. increased economic standing of men since the late 1980s d. the continuing stigma of cohabitation

Sociology

The upper-upper class is _________ money while the lower upper class is ____________ money.

What will be an ideal response?

Sociology