Economic Development and Currency in Mocha

The video explores the life on the remote island of Mocha, led by Big Daddy. Initially, the islanders relied on a barter system, which faced challenges, leading to the introduction of clam shells as currency. This change spurred economic growth and foreign trade. Business innovations like stock sales emerged, and the population began to grow, presenting new challenges for the community.

Who was the leader of the island of Mocha?

• Big Mama

• Pablo

• Father Nicodemus

• Big Daddy

What was the main problem with the barter system on Mocha?

• Difficulty in transporting goods

• Too many people involved in trades

• No one wanted to trade

• Lack of goods to trade

What did the villagers of Mocha use as currency?

• Fish

• Clam shells

• Melons

• Coconuts

What was one of the benefits of introducing currency on Mocha?

• It allowed for credit and trust between people

• It eliminated the need for trade

• It made goods more expensive

• It reduced the number of villagers

What new economic activity did Mocha engage in after introducing currency?

• Fishing

• Foreign trade

• Farming

• Mining

What did Pablo do to expand his business?

• He traded more coconuts

• He sold stock in his company

• He hired more villagers

• He borrowed clams from Big Daddy

What was the result of the population boom on Mocha?

• The island became overpopulated

• The royal household faced new challenges

• The economy collapsed

• The villagers stopped trading

How did the villagers traditionally support the royal household?

• By providing entertainment

• By donating goods

• By paying taxes

• By working for free

What was one of the new challenges faced by the government of Mocha?

• Increased crime

• Financial difficulties

• Political unrest

• Lack of resources

What was the significance of the day marked by historians on Mocha?

• The population explosion

• The beginning of foreign trade

• The first marketplace

• The introduction of currency