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Economic effects of the plague
Impact of international trade
Role of international trade
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If there was ever an important period historians, and people could put a finger on, this would be it. This is the important period where the world’s countries, kingdoms, and dynasties established trade routes. This is the period where countries were made and countries were destroyed because of the importance of trade and the importance of building a fundamental, religious, and economical way of life. This paper will discuss the goals and functions of trades, and traders, and a historical analysis of world trade. This paper will also get into world trade patterns, of The Americas, Sub-Saharan Africa, The Indian Ocean, The Silk routes, China and The South China Sea, Europe and The Mediterranean, and The Atlantic Exploration.
The goals and functions of world trade today vary from when it started. Long distance trading today is a big part of everyday life for us. Most of our products, as you can see, come from China, Japan, Italy and other places across the ocean. Where would we be today if long distance trading wasn’t a part of everyday life? Asia and Europe play a huge part in our lives, and in what we eat, function with, and for children, play with. When long distance trading first started, it wasn’t as important as it is now. Traders mostly supplied goods for the rich who could afford these valuable goods, and afford the long distance accommodations. Supplies like gold, spices, silks, and others were sold to the rich and they were valued depending on weight and distance of the trade. A large part of the exchange economy was local, dealing with crops, and local manufactured products. The only problem with this was that it wasn’t pricey and it didn’t weigh much compared to long distance supplies, which made it difficult to make any profit whatsoever. Sometimes, to help out locals and the upper echelon, goods were traded for other goods instead of money. The most important part of trade was having a market to trade with. If there was no market, there was no business, and if there is no business there was no jobs, and money coming in for locals in that area. (The Worlds History, Spodek, 2001, Ch. 12)
Free market economy, which is still tremendously popular today, as it was when trade first started, is a big part of trade. Free market economy is when traders seek personal benefits by buying supplies an...
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...acteriaceae. It is the infectious agent of bubonic plague, and can also cause pneumonic plague and septicemic plague.”(http://en.wikipedia.org/wiki/Pasteurella_pestis) In 1331 the infection entered China and began to spread, killing enormous amounts of people. This plague wiped out half of China since the Mongols passed through, and because this plague was so horrific, Mongol power weakened as a result of this. Europeans had no immunity toward new diseases, thus wiping out 1/3 of the population that swept across the continent. (The Worlds History, Spodek, 2001, Ch. 12)
When you talk trade, and the foundations of powerful dynasties, you think China. When Marco Polo finally arrived in China in 1275, he described the ruler, Kublai Khan as the mightiest man. China was so advanced with riches, elements, and respect from underlings, that any of these could describe the comments Marco Polo had for Kublai Khan. Still, silk, porcelain, and tea, Chinas greatest products, attracted merchants from all around the world looking to trade.
In this chapter of Naked Economics, by Charles Wheelan, he describes many aspects of trade. It begins by showing the capabilities of trade and how it affects everyone as a whole. It makes it so that everyone is better off than normal. To put it into perspective, he put the image in your head of how hard your life would be without trade, you would have to make your own clothes, find a way to get/make your own food, make your own car, etc... After showing some of the advantages to trade, he applies it to a global persona and begins to introduce his opinion on how global trade (globalization) makes us richer. One of the key explanations of this point is that trade frees up time in our busy schedule, therefore allowing us to use that freed up
As new ideas traveled main trade routes, such as the Silk Road and the Mediterranean, the effects of such were felt through an influx of contact between countries due to increased desire for new information and countries gaining a larger presence on the world stage. This phenomenon can also be seen through the lens of cultural exchange that took place during this same time period in Eurasia. A major component of the Eurasian trade networks, such as the Silk Road and Indian Ocean, was that they fostered interregional contacts that had ceased to previously exist. When a country had a desire for study or technology, they earned more respect on the global stage. This can be further examined by looking at Marco Polo’s voyage into Asia.
Sweeping through Western Europe during the fourteenth century, the Bubonic Plague wiped out nearly one third of the population and did not regard: status, age or even gender. All of this occurred as a result of a single fleabite. Bubonic Plague also known as Black Death started in Asia and traveled to Europe by ships. The Plague was thought to be spread by the dominating empire during this time, the Mongolian Empire, along the Silk Road. The Bubonic Plague was an infectious disease spread by fleas living on rats, which can be easily, be attached to traveler to be later spread to a city or region. Many factors like depopulation, decreasing trade, and huge shifts in migrations occurred during the Bubonic Plague. During Bubonic Plague there were also many different beliefs and concerns, which include fear, exploitation, religious and supernatural superstition, and a change of response from the fifteenth to eighteen century.
During the classical era, there were shifts worldwide with regards to economic imports and exports. As many societies transformed from hunting-gathering societies into specialization societies, global trade networks expanded. This led to the founding and growth of many complex trade networks, both on land and by sea. Two notable trade networks were the Mediterranean Sea network and the Silk Road. The Mediterranean Sea is in Europe, and the trade network lined the shores of Turkey and North Africa. The Silk Road was trans-Asian. It reached from China to the Eastern Mediterranean. While these networks had multiple similarities in their expansion and spread of religion and ideas, there were many differences. These included the type of materials
During the 15th century Europe had numerous changes. The population expanded rapidly which gave rise to new classes of merchants. European nations were very wealthy when it came to spices. Therefore, they traded them on the land route from Asia. These land routes were controlled by the Turkish Empire, which lead to many problems for the countries who were trying to trade these spices and acquire other valuables. This then steered them to begin searching for other routes of trade to essentially cut out the “middle man”. A race then began to erupt between many European countries such as Portugal, Spain, France, and England. These four countries all wanted to be the first to discover new land. However, Portugal pulled ahead and sailed along
Bentley, J., & Ziegler, H. (2008). Trade and encounters a global perspective on the past. (4th ed., Vol. 1, pp. 182-401). New York: McGraw-Hill.
Wills, John E., Jr. "Canton System." History of World Trade Since 1450. Ed. John J. McCusker. Vol. 1. Detroit: Macmillan Reference USA, 2006. 98-100. Gale World History In Context. Web. 9 Oct. 2010.
By 1271, Niccolò and Matteo Polo set out for Asia once again, this time bringing along young Marco. The Polos made way across the Middle East through overland routes later known as the Silk Road. In Description of the World, Mar...
This investigation attempts to analyze the Silk Road’s impact on cultural diffusion. The Silk Road was a trade route connecting Eastern China to the Mediterranean regions. It was incredibly important because it brought Europe, Asia, and the Middle East together in trade, and allowed them to trade goods and ideas. The parameters are the cultural diffusion east meets west and the spread of religion. It will focus on the time period between the 2nd and the late 17th centuries and the places investigated will be the west, (made up of Europe and the Middle-East) and the east (which refers to most of Asia, although in this investigation it will focus mostly on China). This will be accomplished through a thorough examination of historical books such as Horizon Book Division’s History of China, John S. Bowman’s Exploration in the World of the Ancients, and Daniel Waugh’s “THE SILK ROADS IN HISTORY”.
Marco Polo played a pivotal role in introducing Western civilization to that of the East, specifically China, and vice versa. He traversed throughout Asia from 1271 to 1295 CE, and his travels along the Silk Road eventually guided him to the territory of the Yuan Dynasty (Mongols), who were under the reign of Kublai Khan at the entry of Polo. Polo arrived in Beijing, which was then known as Cambaluc, translated as “city of the Khan” (Boorstin). Polo was surrounded by pristine ideas and products unheard of in the West. Thus, Marco Polo’s travel to Cambaluc introduced new intellectual products in Europe, including paper currency, the imperial post office, and curfew, as well as advances in cartography and the stature of an affluent leader.
One of the key areas of long-term decision-making that firms must tackle is that of investment - the need to commit funds by purchasing land, buildings, machinery, etc., in anticipation of being able to earn an income greater than the funds committed. In order to handle these decisions, firms have to make an assessment of the size of the outflows and inflows of funds, the lifespan of the investment, the degree of risk attached and the cost of obtaining funds.
Free trade can be defined as the free access of the market by individuals without any restriction or any trade barriers that can obstruct the trade process such as taxes, tariffs and import quotas. Free trade in its own way unites and brings people together. Most individuals love the concept of free trade because it gives them the ability to move freely and interact in the market. The whole idea of free trade is that it lowers the price for goods and services by promoting competition. Domestic producers will no longer be able to rely on government law and other forms of assistance, including quotas which essentially force citizens to buy from them. The producers will have to enter the market and strive into to obtain profit.
Just imagine waking up in squalor, a once prominent society, now a desolate wasteland. All because foreign interest has raped your land of its natural resources and you seen not a cent in profit. Although, globalization is unifying the worlds developed nations and is bringing commerce to nations that have struggle in past years. True, globalization has many positive effects but do the pros outweigh the cons. In this essay I will discuss Globalization ruining the integrity of many countries and also is forcing many undeveloped nations into a bind, and is causing economic distress on some developed nations. Also, due to economic globalization the nations of the world are diluting their culture, sovereignty, natural resources, safety and political system. My goal is not to change your way of thought, but only to enlighten you of the negatives of global economic expansion.
Creating a creative advertisement that stands out from the crowd is essential for any company’s growth. A common communication strategy is for companies to break through competitive clutter in order to shape consumers attitude and intentions. A creative ad is able to catch the attention of onlookers with the added wow factor. Interest in an ad is influenced by surprise, information and benefits. Comforts fabric softener ad (See appendix 1), is a great example of this as the ad displays a perfect visual for their product with an added touch of humor to draw potential customers attention to the ad. Their ad clearly conveys the message of their product without the need of a
The first thing that advertisements try to achieve is to capture costumers’ attention. When an ad fails to do this than it is not a successful ad. Advertisement fa...