History of Internatonal Trade (Start of international trade (100…
History of Internatonal Trade
Start of international trade (100-1000Approx)
Trade betwen Romans and Indians
Arab nomads travel on camels to trade silk and spices in the Far East
Egyptians trade with Arabia through the Red Sea
Silk Road that stretches from East to West for trading between China and Western and Middle Eastern countries
Trading in the Middle Ages
(1100 - Approx. 1500)
The eastern side of the Silk Road becomes a major metropolitan centre for international trade,
The Song Dynasty creates the first paper printed money
Hanseatic League in England introduced market rights and trading benefits to secure their goods.
In the year 1346 The greatest epidemic of black pest was given.
Early Modern Trading
(1500 - Approx. 1800)
Japan establish Foreign Trade Licenses to prevent piracy and smuggling.
The Dutch East India Company goes bankrupt
The Portuguese starting shipping spices to Hormuz
Era of exploration
First watch that the world saw (marine clock)
Late Modern Trading
(1800 - Approx. 1945)
On 1860, Britain and France strikes over the Free Trade Agreement.
Opium War breaks out between the British and China
The Cobden-Chevalier Treaty is finalised between Britain and France, which sparks of successive agreements between other European contries
Post War Traiding (1945-Approx.2000)
The Bretton Wood system goes into effect, to prevent wars and depression affecting the international economy.
.The Nuclear Suppliers Group was created to moderate international trade of nuclear supplies.
WTO is created to facilitate free trade.
Started the silk road (Century II B.C)
Started the persian road real (Century V B.C)