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Much of the modern history of international relations concerns efforts to promote freer trade between nations. This article provides a historical overview of the structure of international trade and of the leading institutions that were developed to promote such trade.
This is a timeline of the history of international trade which chronicles notable events that have affected the trade between various countries.
Understanding the historical progression of international trade helps us grasp the interconnections and complexities of the present-day global economy. International trade traces its roots back to ancient times when civilizations engaged in trade to acquire goods and resources not locally available.
Trade originated from human communication in prehistoric times. Prehistoric peoples exchanged goods and services with each other in a gift economy before the innovation of modern-day currency. Peter Watson dates the history of long-distance commerce to c. 150,000 years ago. [9]
In this collection of resources, we look at trade across the ancient Mediterranean from Egypt to the Etruscans, find out what was transported along the Silk Road besides silk, and examine one of the great archaeological finds and indicators of international trade in the Bronze Age, the Uluburun shipwreck.
But the business, policy, technology, and politics of trade have been powerful forces throughout history. William J. Bernstein, author of A Splendid Exchange: How Trade Shaped the World, talked with Qn about both the sweep and the intricacies of the endeavor through history.
Trade flourishes between Mesopotamia and other regions. Posible founding date for Ostia, the port of Rome. Zhang Qian, as envoy of Emperor Wu, opens up the ' Silk Road ' trading route between China and central Asia. First non-stop voyages from Egypt to India. Completion of the Roman road system.
Trade in a grander sense, between distant places, is a different matter. It involves entrepreneurs and middlemen, people willing to accept delay and risk in the hope of a large profit. The archive found at Ebla gives a glimpse of an early trading city, from the middle of the third millennium BC.
Trade first began around 3000BC in Ancient Mesopotamia and the Indus Valley. Different materials such as spices, metals, and cloth, were traded. Cities that had more goods to trade became rich.
The results demonstrate that the history of trade is intrinsically linked to the development of humanity, driving economic growth and collaboration between nations. The formation of...