Question

What was a negative impact of world trade in the 15th through 17th centuries?

A.)Trade flooded certain countries with too many products.

B.)Trade brought disease that devastated populations and cultures.

C.)Trade of new products that were introduced from around the world.

D.)Trade of cheap products from overseas put local workers out of business.

Answer 1

Answer : D

"Trade of cheap products from overseas put local workers out of business" was one of the negative effects of global trade in the 15th through 17th centuries. This was brought about by the influx of goods imported from other regions, which were frequently less expensive than those produced locally. As a result, there was less demand for products produced locally and fewer jobs were created in those industries. This was referred to as "deindustrialization," and it was especially noticeable in Europe, where the introduction of goods from India and China, such as textiles, led to the demise of the local textile industries. In some regions, where globalization and free trade agreements can result in the displacement of workers and industries, this negative impact on local economies and workers persists today.

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Answer 2

One negative impact of world trade in the 15th through 17th centuries was option D: Trade of cheap products from overseas put local workers out of business.

The expansion of trade during this period, particularly with the establishment of long-distance trade routes and the growth of colonialism, led to the introduction of new goods and products from other regions of the world. This often meant that local industries and businesses were unable to compete with the lower prices of imported goods, leading to the displacement of workers and economic disruption. This phenomenon is known as deindustrialization and was observed in many parts of the world during this period.