The Impact of the Trans-Atlantic Slave Trade on Economies: Introduction

Question 1

53. Which regions and countries did slavery affect the economic development of (3)?

Answer 1

West Africa, America & Britain.

Question 2

54. Explain the difference between** Politics **and **Economics **by giving the definition of each.

There are 5 points to the definition of economics.

Answer 2

• Politics is about power, the role of government and the laws passed by the government.
• **Economics **is about (1) supply and demand of goods and services, (2) industry, (3) consumer spending, (4) levels of spending and (5) money.

Question 3

55. What is the relationship between economic and politics.

Answer 3

Economics and politics influence each other.

Question 4

56. What kind of impact did slavery have on West Africa?

Answer 4

A negative impact.

Question 5

57. Define what economic development is.

There are 4 points to this definition.

Answer 5

• Economic development is economic growth.
• It is the sustainable increase in living standards.
• It is increased per capital income.
• It is better healthcare.
• It is better education.

Question 6

58. What 2 key things are needed for economic develipment?

Answer 6

• Positive attitude to life and work.
• A stable political system.