In Which Region of the World Did a Financial Crisis

question 66

Multiple Choice

In which region of the world did a financial crisis occur in 1997, characterized by a reduced confidence of foreign investors who began to withdraw their investments from the region?

• A)Asia
• B)North America
• C)Africa
• D)Europe

---

Definitions:

English Navigation Acts

The English Navigation Acts were a series of laws enacted by the British Parliament in the 17th century, aiming to tighten control over colonial trade by restricting the use of foreign ships for trade between England and its colonies.

Colonial Trade

A historical term referring to the trade between colonial powers and their colonies, often involving the exchange of goods such as spices, textiles, and other commodities for profit.

Dutch Merchants

Businesspeople from the Netherlands who were involved in trade and commerce, particularly during the period of Dutch exploration and colonization.

Anglo-Dutch Wars

A series of 17th and 18th-century conflicts between England (later Britain) and the Dutch Republic over trade and naval supremacy.