Title: Review of Trading Systems
1Review of Trading Systems
2Trading Systems 500 BCE to 500 CE
3Silk Road Trade 200 B.C.E. to 220 C.E.
4Silk Road Trade 200 B.C.E. to 500 C.E.
- Trade in silk grew under the Han Dynasty ( 202 BC
- AD 220) in the first and second centuries C.E. - Central Asian herders ran caravans linking trade
between China and urban areas in Mesopotamia. - The 7000 mile route spanned China, Central Asia,
Northern India, and the Roman Empire. It
connected the Yellow River Valley to the
Mediterranean Sea and passed through present-day
countries Iran, Iraq and Syria.
5Silk Road Trade 200 B.C.E. to 500 C.E.
- The Chinese traded their silk with the Indians
for precious stones and metals such as jade,
gold, and silver, and the Indians would trade the
silk with the Roman Empire - Buddhism spread from India to China because of
trade along the Silk Route. -
6Indian Ocean Trade 500 BCE to 500 CE
- The Silk Roads included not only land routes but
also sea lanes in the Indian Ocean. - The Indian Ocean trade network included sailors
from China Malaysia, Southeast Asia and Persia. - Chinese pottery was traded along with Indian
spices and ivory from India and Africa.
7Indian Ocean Trade 500 BCE to 500 CE
- Sailors used the monsoon winds to chart their
course and carry out voyages that linked sections
from East Africa to Southern China. - The banana came to Africa from S.E. Asia via the
Indian Ocean. The banana spread throughout
Sub-Saharan Africa.
8INDIAN OCEAN TRADE 500 B.C.E. to 500 C.E.
9Trans-Saharan Trade
- It is possible the camel arrived in Africa from
Arabia in the first century B.C.E. - Early Saharan trade patterns included the
exchange of salt and palm oil. - During the days of the Roman Empire, North Africa
also supplied Italy with olives, wheat and wild
animals.
10Trading Systems 600 C.E. to 1450 C.E.
11Silk Road Trade 600 CE to 1450 CE
12Silk Road Trade 600-1450 C.E.
- Silk Road Trade under the Tang and the Mongols
was protected. - Mongols kept Silk Road Trade safe.
- However, the Mongolswere also responsible for
carrying the bubonic plague into Eurasia via the
Silk Road.
13Indian Ocean Trade 600-1450
14Indian Ocean Trade 600-1450 C.E.
- When Silk Road trade declined with the fall of
the Mongols, Indian Ocean trade picked up. - The Ming also renewed focus on Indian Ocean Trade
with the voyagers of Zheng He. These voyages
were short-lived. - By the 13th century, the Bantu people arrived on
the east coast where their language merged with
Arabic languages from Muslim traders. This
formed the Swahili languages.
15Trans-Saharan Trade 600-1450
16Trans-Saharan Trade 600-1450
- The Saharan trade extended from the Sub-Saharan
West African kingdoms across the Sahara desert to
Europe. The Saharan Trade linked such African
empires as Ghana, Mali, and Songhay to the
European world. - Ghana possessed a large amount of gold.
- The Desert regions of present day Morocco and
Algeria contained huge salt resources. - The gold-salt trade between the Ghana Empire and
the Arab desert merchants flourished.
17Trans-Saharan Trade 600 C.E. to 1450 C.E.
18Trans-Saharan Trade 600 - 1450
- Just as Buddhism reached the Chinese Empire via
Indian merchants, Islam reached black West Africa
through Arab merchants on caravan routes. - During the Ghana, Mali, and Songhay empires, Arab
merchants brought the Koran and the written
language Arabic to the oral culture of each
empire. - By the 13th century, rulers of western empires
had converted to Islam, while common people
remained true to their polytheistic beliefs.
19Trading Systems 1450-1750
20Columbian Exchange
- Trade network that exchanged crops, livestock,
and diseases between the Eastern and Western
hemispheres. - Tobacco was introduced to the Eastern Hemisphere.
- American food crops such as maize and sweet
potatoes spread to China and parts of Africa. - White potatoes spread to Europe and manioc to
Africa. - Coffee, sugar cane, wheat, rice, and bananas made
their way across the Atlantic from the Eastern to
the Western Hemisphere. - Livestock such as cattles, horses, sheep, and
pigs came to the Americas.
21(No Transcript)
22Trans-Atlantic Slave Trade
- The Atlantic slave trade was part of a triangular
trade that involved three segments. - The Middle Passage was the journey that Africans
took across the Atlantic to the Americas.
23Atlantic Slave Trade
- As many as 25 percent of the slaves who came from
central Africa died on the march to the coast. - It is believed that 20 percent of slaves died on
the Middle Passage from illness or suicide. - If supplies ran low aboard ship, some slaves were
thrown overboard.
24Trading Systems 1750-1914
25Latin American Trade 1750-1914
- After the Latin American independence movements,
the U.S. and Great Britain both formed trading
partnerships with these new countries. - The sugar plantations of the Caribbean and Brazil
were at the heart of Latin American trade with
Europe.
26Latin American Trade 1750-1914
- The sugar plantations of the Caribbean and Brazil
were at the heart of Latin American trade with
Europe. - Brazil also produced cotton and cacao for
European use. - Cuban tobacco and sugar
- Mexican copper and silver
- Argentine beef
- Latin American rubber
27Trade with the Islamic World 1750-1914
- Trade in the Ottoman Empire decreased due to
disinterest in industrialization and the
inability of artisans to compete with European
imports. - Egyptian commerce suffered from European
competition.
28Trade in China 1750-1914
- The Qing dynasty lifted restrictions on trade
which had been established by the Ming. - Trade in Chinese tea, silk, and porcelain brought
in large quantities of silver which was the basis
of the Chinese economy. - The Chinese purchased opium from British
merchants in India. - British victory in the Opium War resulted in the
opening of China to European trade.
29Trading Blocs 1914-present
- Organization of Petroleum Exporting Countries
(OPEC) regulates oil prcies and controls oil
distribution. - European Union was organized to reduce tariffs
among member nations and create a common tariff
policy for other world nations. - North American Free Trade Agreement (NAFTA)
abolished tariffs between Canada, the US, and
Mexico. - The World Trade Organization was established in
1995 to organize world trade.