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Trade Routes 1200-1450 (Silk Road (Bills of Exchange (A form of currency…
Trade Routes 1200-1450
Silk Road
Bills of Exchange
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They are written orders from one person to his bank to pay the bearer a specific sum on a specific date.
Bills of exchange were also considered to be "negotiable instruments", which is a document guaranteeing the payment of a specific amount of money, at a set time, with the payer usually named on the document.
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Kashgar & Samarkand
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Samarkand is renowned for its skill at trading, and Kashgar is known for being one of the greatest markets.
Very important trade centers. They primarily traded silk, spices, and precious metals.
Paper Money
Primarily used form of currency, due to it being easier to carry around. It was also more used because it left copper and gold to be used for everyday items.
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Introduced to China by Marco Polo when he went over in the 13th century and was a by-product of block printing.
Banking Houses
Banking houses were early banks. They helped give out loans and dealt with money & bills of exchange.
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Indian Ocean Routes
Sultanate of Malacca
A powerful commercial empire in Malaysia that lasted from 1403-1511.The sultanate primarily focused on maritime trade through the Indian Ocean trade routes.
The empire commanded the Malacca Strait, which merchants passed through in order to get from China to India.
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Diasporic Communities
Arabs in East Africa
As Islam spread through Muslim merchants and through the Umayyad and Abbasid Caliphates, a diaspora of Islam was created. This is because the followers of Islam were spread out over many different empires and states, but still followed the same religious concepts, while also adapting Islam to their local beliefs.
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Gujarat
Gujarat was a center of trade, with merchants trading African ivory, gold, and silver, as well as Indian cotton and spices and Chinese silk.
Gujarat is a state that is located in west India. Historically, it was a center of trade and commerce.
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