International Trade and Economic Profiles: USA, Canada, Japan, Venezuela
North American Economic Landscape
United States and Canada: Geographic Overview
The United States and Canada are located in the northernmost part of the American Continent, forming part of Anglo-Saxon America.
- North Boundary: Arctic Ocean
- South Boundary (Canada): United States
- East Boundary: Atlantic Ocean
- West Boundary: Pacific Ocean
Economic Importance of USA and Canada
The USA and Canada share a similar geographical environment, leading to comparable economic activities. Both nations are significant
Read More17th Century Political and Economic Crisis in Europe
Absolute Monarchies
Absolute monarchs believed that God had given them their power and that they were representatives of God on Earth. They controlled all the powers of the state: they passed laws, governed, and were the supreme judges. They had centralised administrations managed from the court. The best example of an absolute monarch was Louis XIV of France, known as the “Sun King”.
Parliamentary Systems
The power of the monarch or the most senior authority was limited by a parliament, which
Read MoreMedieval Life Unveiled: Society, Economy, and Urban Development
Medieval Innovations in Agriculture and Trade
Agricultural Advancements
- The Three-Field System: Only a third of the land was left fallow every year. This was an improvement over the older two-field system, where half the land was left fallow.
- Improved Fertilization: The increased use of manure significantly improved soil fertility.
Farming Improvements
- Wheel
- Horse Collar
- Reins
- Runner
- Board
Trade Expansion in the Middle Ages
Trade expanded significantly due to increased safety from the 11th to the 13th century.
Read MoreEnlightenment Reforms & Second Industrial Revolution Impact
Economic and Financial Reforms (18th Century)
Agriculture Reforms
- New irrigation works were implemented.
- Areas previously fallow or underutilized were cultivated.
- Pósitos (public granaries) were established.
- The privileges of the Mesta (sheep farmers’ guild) were abolished.
Commerce and Industry Reforms
- Internal customs were abolished.
- Domestic industry was protected.
- The creation of royal manufactures was sponsored.
Financial Reforms
To rationalize taxes and ascertain the nation’s true wealth, land registers
Read MoreImpact of the Industrial Revolution: Labor, Socialism, and Anarchism
The Labor Movement and Social Welfare
The accelerated industrialization brought forth a new social class: the proletariat. Workers exchanged their labor for money, often enduring 14 to 16-hour days in heavily polluted sites with strict discipline. There was no insurance, no weekends, and nothing protected the workers. Wages were extremely low, barely at subsistence level, and life was miserable. Houses and neighborhoods lacked basic sanitation or hygiene.
Chartism: Early British Workers’ Demands
Very
Read MoreAgricultural Systems: Land Use, Farm Structures, and Livestock Dynamics
Major Soil Types and Their Distribution
Soil types differ broadly. Four main types of soil are:
- Arable land: Occupied by different crops, spread especially in the basins and inland valleys.
- Meadows and pastures: Intended for the production of grass for livestock feed. Three types of situations differentiate these: seasonal pastures, permanent pastures, and high-altitude grazing.
- Forest areas: Correspond to deciduous species.
- Other land uses: Including unproductive wasteland and urbanized areas.