How did Europe's trade balance with the rest of the world change during the Industrial Revolution?
A) It went from a surplus to a deficit as Europeans scrambled to buy large amounts of raw materials from overseas.
B) It went from a surplus to a deficit as the European bourgeoisie purchased new luxury goods from Asia.
C) It went from a deficit to a surplus as Europeans sold manufactured goods around the world.
D) It went from a deficit to a surplus as Europeans extracted nearly all their raw materials domestically.
Correct Answer:
Verified
Q21: In what way did Britain's political and
Q23: Which of the following methods was used
Q24: How did the industrial revolution affect Europe's
Q26: What invention transformed sugar refining,pottery making,and textile
Q27: Which of the following explains in part
Q28: Why did the slave trade decline over
Q32: In early nineteenth-century industrial societies, why did
Q32: Which of the following accurately indicates the
Q35: In the eighteenth century,global trade was stimulated
Q36: Who benefited most from the revolutions against
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents