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In Roman and early Europe times things from China (the far East area) were very hard to get because of the frightful ordeal of getting them to Europe. Long sea travel around Asia and Europe and land travel across vast distances including deserts made the cost of luxury goods prohibitive for all but the very rich.
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Chinese merchants traded luxury goods for?
Luxury good were traded by Chinese merchants for Spices, Teas, and Porcelain goods.
Why were the goods from east Asia so expensive?
They were expensive to bring back. The overland Silk Road was dangerous and long. It took moths to travel. Many times the travelers were robbed or ships were lost in storms. The cost of the goods was added to the price when they were sold.
What accurately compares America's World War I economy with Europe's?
Americans could invest in luxury goods like radios and automobiles, while European economies struggled to rebuild and grow.
What statement accurately compares Americas post world War 1 economy with Europe's?
Americans could invest in luxury goods like radios and automobiles, while European economies struggled to rebuild and grow. The postwar boom continued into the Roaring 20s.
What does goods mean in social studies?
goods are products
