1. Slide
60 seconds
Africa's economic history dates back to ancient civilizations that developed trading systems and agriculture. In the 1800s, foreign powers colonized Africa and imposed economic systems that were designed to benefit their own countries. In the 1950s and 1960s, African countries declared their independence and began to focus on economic growth.
Economic History of Africa
2. Slide
60 seconds
During the trans-Saharan trade, which lasted from the 7th to 16th centuries, African rulers acquired wealth through the sale of gold, slaves, and ivory. During the early 19th century, colonization by European powers had a major effect on African economies, resulting in a dramatic decline in economic activity. In the late 20th century, Africa became a major exporter of agricultural products, including cocoa, coffee, and tea.
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3. Slide
60 seconds
A curipod slide
4. Drawings
450 seconds
Draw an Eagle arm wrestling a Dragon
5. Word cloud
120 seconds
In one word, what is the main benefit of voluntary trade for buyers and sellers in Africa?
6. Slide
60 seconds
It increases competition, which gives buyers more options and better prices. Sellers can access new markets, which boosts their profits. It encourages economic growth and helps reduce poverty.
How Voluntary Trade Benefits Africa
7. Slide
60 seconds
Voluntary trade is when buyers and sellers come together and agree on terms and conditions of a transaction without the involvement of a third party. This type of trade allows both parties to benefit from the exchange. In Africa, voluntary trade allows sellers to access a larger market and get better prices for their goods, while buyers can find a wider variety of goods to choose from. Trade liberalization is the process of reducing or eliminating barriers to international trade. This type of policy is beneficial for African countries as it allows them to access international markets and benefit from foreign investments. It also creates more competition, which can lead to lower prices for goods and services for the buyers. Trade agreements are agreements between countries that regulate trade between them. These agreements can provide African countries with access to new markets and tariff reductions, which can make it easier for them to export their goods. They can also provide access to foreign investment, which can help African countries develop their economies.
Concepts:
8. Poll
60 seconds
What do you think are the benefits of voluntary trade to buyers and sellers in Africa?
- It encourages economic growth and development
- It allows for the exchange of goods and services that wouldn't happen otherwise
- It creates competition, leading to lower prices for goods and services
- It improves the standard of living for people in Africa
9. Slide
60 seconds
Africa's economic history dates back to ancient civilizations that developed trading systems and agriculture. In the 1800s, foreign powers colonized Africa and imposed economic systems that were designed to benefit their own countries. In the 1950s and 1960s, African countries declared their independence and began to focus on economic growth.
Economic History of Africa
10. Slide
60 seconds
In many African countries, the majority of trade is voluntary and barter-based, meaning that goods and services are exchanged without the use of money. In Africa, many small-scale farmers use a system of bartering goods with their neighbours and other communities to gain access to resources that they need, such as seeds, tools, and labour. In some African countries, bartering is more common than using money and is seen as a way of keeping the local economy strong and stable.
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11. Open question
300 seconds
How does voluntary trading in Africa help to increase the economic stability of the region?
12. Open question
300 seconds
What are some of the challenges associated with voluntary trading in Africa?
13. Personalised Feedback
360 seconds
How does engaging in voluntary trade benefit both buyers and sellers in Africa, and what specific advantages does it bring to each party involved?
14. Open question
300 seconds
What do you think are the benefits of voluntary trade for buyers and sellers in Africa?
15. Open question
300 seconds
What strategies would you use to help ensure that voluntary trading in Africa is successful?
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