_______________ brought high-end goods from China to Rome, initiating the first international trade., The Spice Route,  The Silk Road, The West Road, Which factor helped the Silk Road flourish despite occasional trade disruptions?, The dominance of two large empires that provided stability, The complete absence of regional rivals along the trade routes, The Silk Road being controlled by only one small kingdom, Islamic trade dominated trade throughout the Middle Ages in the Mediterranean and the Indian Ocean., The Spice Route,  The Silk Road, The West Road, Which commodities were among the main internationally traded goods during the period when Islamic trade dominated the Mediterranean and Indian Ocean in the Middle Ages?, Cloves, nutmeg, and mace, Wheat, barley, and rice, Gold, silver, and copper, How did the Silk Road contribute to global trade?, It limited trade to only local markets within Asia., It prevented maritime trade between continents., It connected East and West, allowing the exchange of goods, civilizations, and ideas., What major historical development began at the end of the 15th century and led to the unintentional discovery of the Americas by European explorers?, The Age of Exploration, The Industrial Revolution, The Renaissance, Why was Ferdinand Magellan’s circumnavigation considered one of the most important explorations of its time?, It permanently ended all trade between Europe and Asia., It allowed direct access to the Spice Islands, reduced reliance on Arab and Italian middlemen, and introduced new foods to Europe., It prevented Europeans from exploring the Pacific Ocean., Why do many economists not consider the early global economy created during the Age of Exploration a true example of globalization?, Because trade only existed within Europe, Because there were no international trade routes at the time, Because European empires mainly created supply chains with their colonies, The Great Britain, Argentina, and Uruguay enjoyed the 1st wave of globalization by focusing in _______. , Luxury Export, Meat Export, Spice Export, What factor primarily propelled the first wave of globalization in the 19th and early 20th centuries?, The technological and economic supremacy of Great Britain, The decline of international trade between countries, The end of industrial inventions in Europe, When did the first wave of globalization come to a stop?, 1914, 1939, 1989, 2. What major event caused trade to be replaced by warfare?, The Great Depression, World War I, World War II, By the end of World War II, what percentage of global GDP did trade represent?, 14%, 50%, 5%, What contributed to the rapid expansion of globalization after World War II?, Isolation of countries, Free trade agreements and technology, Decline of manufacturing, How did the internet impact globalization?, It limited communication between countries, It helped integrate global value chains, It slowed down global trade, What is at the center of Globalization 4.0?, Agricultural economy, Digital economy, Industrial economy, Which countries are identified as the two main world powers?, China and Japan, United States and China, United States and Russia, What is one major challenge to Globalization 4.0 mentioned in the text?, Lack of transportation, Cyberattacks and hacking, Shortage of workers, Why are some individuals rejecting globalization?, Due to increased local trade, Because of social unrest and inequality, Due to lack of technology, What has made it easier for individuals and businesses to transact internationally?, Decline in exports, Digital communication and transportation advances, Reduction of multinational companies.

GROUP ACTIVITY 2

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