Bartering
An exchange of goods or services for other goods and services without using money.
What is Bartering.
This famous ancient trade route connected ancient China all the way to ancient Rome.
What is the silk road.
The amount of something that is available.
What is Supply.
The buying and selling of goods.
What is trade.
A system of money used in a country.
What is currency.
This ancient civilization primarily produced rice, wheat, cotton, silk, spices, gold, copper, wood, and horses.
What is Ancient India.
The geography trouble that merchants faced when traveling on trade routes.
What is terrain.
There is not enough to supply to meet the demand.
What is a shortage.
This critical component makes global trade possible.
What is transportation.
When the value of money is connected to a specific amount of gold.
What is the gold standard.
This ancient civilization primarily produced grains, dates, fruits, oils, pottery, glass, sheep, goats and cattle.
What is ancient Mesopotamia.
This method of travel was used to keep people traveling safe while on land trade routes.
What is a caravan.
This happens when people or groups of people produce a few or one type of good.
What is specialization.
The invention of this transportation method has allowed for faster and quicker global trade.
What is the airplane.
This occurs when a government prints too much money and it begins to lose its value.
What is inflation.
This ancient civilization primarily produced silk, tea, porcelain, papyrus, gold, spices, wood, and horses.
What is ancient China.
These were used to speed up travel on maritime trade routes.
What is ships.
When this is present, this makes the price of goods less valuable.
What is a surplus.
These two decisions determine what goods country's decide to produce for trade.
What is availability and demand of goods.
We agree, as a society, that money has __________.
What is Value.
This was used in ancient civilizations in place of currency.
What is bartering.
This is about the approximate distance of the Silk Road.
What is 4,000 miles.
This item was a major shortage in our bartering activity on Wednesday.
What is wood.
The United States trades with this country for their bananas.
What is Ecuador.
This type of currency is based in the United States and is used to stabilize the global economy.
What is USD or dollar.