economics africa has: gold africa wants: arabia has:

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Economics

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  • Slide 1

Slide 2 Economics Slide 3 Africa has: Gold Slide 4 Africa wants: Slide 5 Arabia has: Slide 6 Arabia wants: Gold Slide 7 Timeout! How much salt would you trade for a pound of gold? Slide 8 Salt, why salt? You need salt to live. We lose salt when we sweat. Its hot in Africa. Therefore, they sweat and lose salt. Without it, they die. Slide 9 Well, now how much would you pay? But wait, dont answer yet, theres more! Slide 10 Gold, Who needs that? In Africa, gold was pretty common. It is too soft to make weapons or tools out of. It is completely useless. So, why would they care? Slide 11 The Salt Trade Africans were willing to trade 1 pound of gold for 1 pound of salt. Arabians were willing to trade 1 pound of salt for 1 pound of gold. Both sides were happy! Slide 12 The Trade Routes Slide 13 Gold Big Desert Salt Slide 14 But gold and salt were not the only things they shared.