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The effects of trade in the world around the 1600
European trade route in 1500
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The Renaissance was a time when trade flourished greatly and trade was spread all over the world. Trade reached its peak during the 1400s and 1500’s. Different trade routes connected different places. Merchants were able to trade luxury goods such as silk and spices on these trade routes. There became a difference in rich and poor merchants, causing more ways of trade. International trade impacted the economics of Early Modern Europe by introducing different goods, new ways and techniques of trade, and more job opportunities.
In Early Modern Europe, trade grew greatly, and rapidly. Different merchants and traders from different places made it so that traders could trade for many different things near and far. Merchants came from all over the world. New trade routes were discovered and goods
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Luxury goods and regular goods moved across the Mediterranean during the Renaissance. Trade routes helped move raw goods such as grain, wood, and wool. They also helped move pans and hammers. Different metals and valuable minerals also traveled to Europe. These metals and minerals came from Saudi Arabia and Turkey. During the Renaissance, spices were one of the main things that people traded. They were only grown in warm climates so they were hard to find in some places. Spices mainly came from the Far East. The main spices merchants traded were pepper, nutmeg, cinnamon, and cloves. People used spices to flavor and preserve food. Spices also were important to different religious ceremonies in Africa. The spice trade created new land and sea routes because of its needs in everyday life. Merchants considered the spices that they traded as luxury goods. During the Renaissance, merchants traded other luxury goods such as silk and perfume. The best luxury goods to trade in Europe were cloth and wood because they had the most profit. More trade routes flourished causing more goods to be
Throughout the Middle Ages, cities in Afro-Eurasia grew as trade centers due to advantages such as faster transportation from the waters of the ocean. Calicut brought merchants together from all around Asia because the government protected them through laws and policies, also of their spices exclusively pepper. As a result of the exchanges happening in Calicut, there was a war between Calicut, Portuguese and Chinese forces heavily armed with men and many lethal weapons. People from China and Portugal wanted to trade for Calicuts specialties, specialties like spices especially pepper that made them more wanted than others. From trading people inherited culture, religion, and ups and downs from trade.
During the postclassical period, the expansion of trade had different interpretations around the world. Varying societies all reacted to trade in different ways due to how they viewed the situation. It had caused conflict in few areas around the world and also created peace as well as harm. Some communities had pros and cons to trade, like everything else. Some reasons for the positive or negative feedback on trade was due to religion, and or the philosophical system. Religion and the philosophical system was both pros or cons for trade in different civilizations. Religion helped with the spread of different ideas and religions across a mass area. Yet it had a negative input because then people fought, thinking their religion was more
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.
2.) The Asian sea trading network was traditionally divided into three distinct sections that each handled certain types of goods. With the arrival of the Europeans, these zones became blurred as there was an increase of trade between each zone and Europeans bolstered the textile and spice trade with their efforts in joining the trade system. Due to large amounts of trade, trading factories and ports were established all throughout Southeast Asia, establishing permanent points of trade, widening the area that the network influenced.
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
Laws that affected trade between merchants were lacking in strength during the medieval ages. According to The Spontaneous Evolution of Commercial Law, authored by Bruce Benson, a professor of Economics at Florida State University, Lex Mercatoria is a body of rules that emerged during medieval Europe. The fall of the Roman Empire led to a significant decline in Europe’s commercial activities. However, in the eleventh century expansion occurred in the agricultural sector of Europe. This expansion was caused by increased agricultural productivity. Workers were able to produce an adequate amount of food and clothing for the population with less labor. One result of this increase in productivity was an increase in trade. Another result was urbanization of Europe’s population. These results led to a dramatic increase in the number of professional merchants (Benson 646). Unfortunately, merchants in the eleventh century faced many challenges. The distance to other cities was a huge barrier to consistent trade. The distance between cities also made relationship building much more difficult. Merchants did not have a central language. They spoke several different languages because of their various cultural backgrounds. A multitude of middlemen could be used for one transaction between merchants. The cultural diversity also caused misunderstandings and hostility (Benson 646). The need for clear facilitation of trade between merchants from various countries. This need led to the creation of Lex Mercatoria.
When analyzing trade and commerce differences between Western and Eastern Europe, Islamic encouragement towards trade and commerce in Eastern Europe in the late 8th and 9th century led to the increased importation of Eastern goods into Western Europe. This increase in exotic goods ultimately increased the wealth of Western Europe and boosted its economy. This in turn, attracted the Vikings to pillage and raid communities in order to increase their own wealth in Northern Europe.
Reaching towards the peak of trade, Europe faced difficulties in trading with Asia due to sections of multiple trade routes being dominated by Muslims. This meant that men were lost and it took a great amount of time to be able to give and receive the products being traded. This was when Christopher Columbus proposed a solution, believing that a route which sailed west through the Atlantic Ocean, would be a much safer and faster way of trading with Asia.
The Renaissance, which began in Italy in the 1300s, was one of the largest periods of growth and development in Western Europe. Navigation was no longer limited to traveling about by land. Large fleets of ships were constructed, and great navigational schools, the best founded by Prince Henry the Navigator in Portugal, were founded. People were no longer tied to the lands they lived on, as they were in medieval times. They were freer to learn new skills and travel. These enabled people to go further than they had before. Fleets of ships were sent to the Eastern world to bring back treasures and valuable spices. Routes to Asia were traveled beginning in the early Renaissance.
Free trade does add wealth to the economy in a country such as America. The main reasons to support free trade are to have a higher standard of living as it allows people to improve their living standard where they can consume better quality products and services at less expensive price. With the increases of standard of living, the people who are in the state of poverty will begin to experience better lifestyles and they will not be discriminated by the richer as now they are almost equally financial stable as the normal working people.
Eurasian trade when conditions along the Silk Road were unfavorable. For this reason, the geographical context of the Silk Road must be thought of in the broadest possible terms, including sea rout...
Some of the main economic powers of the renaissance were Italian city states. The first, Milan, was in northern Italy. Milan, the center of trade and money with a large tax, was ruled by Visconti and was later taken over by Sforza. Next was Venice, which was the link of Asia and the western world. Venice was a republic with a doge, or an elected leader, and was ruled by merchants and aristocrats. Lastly, was Florence which became the cul...
During the Renaissance, Florence profited from a mercantile economy due to the guilds, the quality and variety of goods and the style and management of the market place.
It is time for the US to not only take its troops out of the middle east, but everywhere around the globe such as Europe and the Pacific, its time to drop all barriers on trade and travel, and turn foes into allies. Polls taken elsewhere around the globe consistently indicate that people around the world have respect for and favor American citizens far over the US government and admire America’s consistent productivity and a land of opportunity. America as a whole once had that great and honorable reputation and we have a great opportunity to restore peace and unity in our country as well as the world by restoring that great and honorable reputation.
Therefore, commerce flourished in Europe and Neo Europe, financial transactions, from Amsterdam, to China, started to be a common affair. The preciosities of yesterdays, now, were everyday commodities and not longer privileged goods only for the few.