What is Trade?

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Editorial Reviews

Children's Literature - Marilyn Courtot
The concept of trade may not be very difficult for kids to understand, since they often collect and trade cards or other items. The volume of trade goods that enter and leave the United States is staggering. Because of trade, we have vast numbers of choices for just about everything, including fresh fruits and vegetables all year long. Trade was the driving force behind explorations. Columbus was looking for a better route to the Indies and instead found North and South America. In some societies, barter was the way that goods and services were exchanged, but then societies began to create money. The first coins were used by the Lydians (pronunciation is found in the text with other new words). Trade often occurs between nations, with some countries occasionally using tariffs to protect their own products. When issues escalate, they may be brought before the World Trade Organization. Certain countries have signed trade agreements like the United States, Canada, and Mexico's North American Free Trade Agreement (NAFTA), which eliminated tariffs among these nations. This and the other books in the "Economics in Action" series will help kids understand today's economy and also learn that nothing much is really new. Reviewer: Marilyn Courtot
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Product Details

  • ISBN-13: 9780778742630
  • Publisher: Crabtree Publishing Company
  • Publication date: 8/15/2008
  • Series: Economics in Action Series
  • Pages: 32
  • Sales rank: 780,456
  • Age range: 8 - 11 Years
  • Lexile: IG850L (what's this?)
  • Product dimensions: 8.10 (w) x 10.80 (h) x 0.20 (d)

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