Describe how each of the following affect industrialized nations and traditional cultures: Money Economy, Dependency, Modernization
• Money Economy: The money economy replaced the barter system, and this gave government officials the chance to tax people, men had to leave their families to work and gain money to pay their taxes, and when they left, families were disrupted, where as in other countries, sons were kept home to farm and daughters were sent away to find jobs
• Dependency: Economic dependency meant that the colony's economies relied on foreign trade and goods to fuel and prosper the colonies' economies, however when demand for goods fell, people suffered, and in addition to that, most of the locally produced goods of a nation were sent outside to export, leaving the local community in famine when demands for goods were low.
• Modernization: Modernization brought advancement to colonies, where railroads linked workplaces, communication systems, transportation networks, and modern banking systems. People used this advancement to develop industry, buying modern farm equipment, and promoting growth.