Economy, asked by vanadanadaverawal, 2 days ago

At the onset of imperialism, what was used as a medium of trade and exchange?​

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Answered by mehjabinseikhrahman
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Answer:

1) At the onset of Imperialism

The Age of Imperialism, a time period beginning around 1760, saw European industrializing nations, engaging in the process of colonizing, influencing, and annexing other parts of the world. 19th century episodes included the "Scramble for Africa."

2) What was used as a medium of trade and exchange

A medium of exchange is an intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties. For a system to function as a medium of exchange, it must represent a standard of value. ... In modern economies, the medium of exchange is currency.

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