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As Applied to the Price Level, the "Rule of 70

question 194

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As applied to the price level, the "rule of 70" indicates that the number of years required for the price level to double can be found by

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Definitions:

Slave Factories

Historical trading posts along the African coast where enslaved people were held before being transported across the Atlantic Ocean during the transatlantic slave trade.

Elmina

A town in Ghana known for its historic Elmina Castle, a major trading post during the transatlantic slave trade era.

Caboceer

A title used in parts of Africa to refer to a local chief or leader.

Juan Garrido

A black conquistador who accompanied Spanish explorers in the early 16th century, noted for being among the first Africans to arrive in the Americas.

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