Spices, the sweet aroma of which for many evokes warm memories of the holiday season. Put into pumpkin pies, caramel lattes, eggnog, spiced apple breads and hot chocolate. However, spices hold a secret and history that isn’t nearly as sweet as the treats its baked into. Indonesia’s long history cannot be separated by the all famous lucrative spice trade. Maritime trade for spices and other precious commodities along the Spice routes/Maritime Silk Road/Monsoon Marketplace/Indian Ocean trade was a melting pot for cross-cultural exchanges including not only precious commodities but also knowledge, religions, languages, people groups, artistic and scientific skills amongst countries including Indonesia. Indonesia back then was the center and heart of spice growth. The trade market of the commodities of Indonesia, especially spices, impacted Indonesia’s economy, religion and arts short term and long term? The lucrative spice trade performed a significant effect on Indonesia’s economy and wealth. It was the world’s largest trade industry during the 13th-15th century; the spices led to the discovery of lands, establishments of countries and raised and destroyed empires. Three reasons behind why the spice trade impacted Indonesia’s economy are shown in the Malaccan Empire, Europe and the Dutch monopoly. The Strait of Malacca connected the Spice Islands with Eurasian markets and it was crucial in its success. The trade traffic occurring in this narrow strait created enormous wealth
During the time period of 1450-1750, there were many changes as well as continuities in the economy of the Atlantic world form. One main change during this time was, the involvement of trading European firearms and other foods. This diversified the initial upbringing of the Atlantic world trade, which was different from its original usage of exporting slaves, gold, salt, and other goods. But this was both a positive and negative change for the economical status of the Europeans earnings increased, but negatively as well as there were more weapons used for violence. In relation, a continuity that occurred through this time was the use of the Atlantic world for the trade of African slaves.
When looking back on the changes and continuities of commerce throughout the Indian Ocean regions from 650 AD to 1750 AD, many noteworthy aspects can be seen. One such continuity was repeated usage of trade routes by different merchants and economic groups to import and export goods. Another significant change was the increase of involvement by European traders. Overtime they began to involve themselves more and more in the Indian Ocean trade networks and even began to colonize land.
In Afonso de Albuquerque’s book, he have say, “This was the best place to intercept the trade... we would close the Straits so that never again would the Muslims be able to bring their spices by this route... I am very sure that, if this Malacca trade is taken out of their hands, Cairo and Mecca will be completely lost.” This address how the Portuguese are taking out the Muslims from the trade routes. However, Islam have play a key role in the Indian Ocean trade like Ibn Battuta whom according to Berkeley Orias, “main reason to travel was to go on a Hajj, or a Pilgrimage to Mecca, to fulfill the fifth pillar of Islamic...
During the period of time between 200 B.C.E and 1250 C.E, the Silk Road underwent many subtle changes while at the same time having continuities from 200 B.C.E. The trade of spices and goods to and from Asia and Europe remained constant, while the materials exchanged slowly changed. The Silk Road still had many continuities from the year 200 B.C.E. One of those continuities was that the original purpose of the silk road remained intact. One of those purposes was to get Asian agricultural products and trade them with European merchants along the Silk Road,and vice versa. This is a continuity because the sole purpose of the Silk Road remained.
Most of the goods flowed from West to East. In Doc #4, Japan trades with the Portuguese. The Portuguese bring white silk, gold, perfume and porcelain and in return Japan only brings silver. The silver that Portuguese obtains, is used as an advantage point against China. The Japanese bring the silver in return for China’s gold.
As well as trading their own goods for profit. Europeans valued goods such as spices including pepper, nutmeg, cinnamon, and cloves. Countries such as England, Spain, and France were seeking a northwest passage to Asia. The passage would be valuable because they hoped it would be faster and it would cut out the middle man, India,
The Age of Exploration was a time of great expansion in the European Countries. From Africa, to North and South America, the Spanish, Dutch, English and French were all competing to find new trade routes, new commodities, and new areas to convert to their religion. The Age of Exploration had a tremendous impact on Europe, the Americas, and Africa. On one hand, Europe was able to expand widely across the world spreading their culture. On the other hand, the Americas were discovered and had their original culture changed immensely.
This paper explains the U.S. financial system to CFO of Jagdambay Exports. I will explain the following questions. 1. Explain the components of a financial market and its relevance to Jagdambay Exports. Be explicit and explain to the CFO how financial markets differ from markets for physical assets and why that difference matters to Jagdambay Exports.
The Renaissance was a period in European history that triggered a region wide development in the fine arts, intellectual studies and technology. With the expansion of understanding in the fields of science, philosophy and technology and the accumulation of wealth of many European nations, it led to them to expand their own fleets and finance exploration missions throughout the world. The Columbian Exchange was a by-product of the Age of Exploration and was the transfer of plants, animals and technology between the “Old World” and the “New World”. The Columbian Exchange involved the entire modern world. Irrevocably, the Columbian Exchange helped trigger the largest population boom in world history, it led to a boom in the overall economy and
The tobacco plant was introduced to the colonists by the Native Americans. The concept of smoking a plant was unusual for the colonists until they first tried it. It became a popular and important commodity when the colonists realized trading tobacco was lucrative. Their attitude towards tobacco turned from joyful and curious to greedy and avaricious since it was bankable, benefiting both the North American and English economies. The landowners took advantage of the indentured servants, slaves and farmers.
During 1700’s the European demand for tobacco increased. When tobacco became higher in demand it cause the demand for
Comparison and Contrast Essay While the Indian Ocean and Trans-Saharan trade routes both encouraged and facilitated the spread of Islam, the Indian Ocean saw a more extensive diffusion of disease, and traded across water instead of land. Islam was a widespread religion amongst both trade routes, but other religions, like Buddhism, were not as popular along the Trans-Saharan route. Through the time period, we see evidence of Islam’s dominance in the form of muslim architecture and the rulers of the time period.
There was a high demand for luxurious goods that were special to each region which caused a great increase in trade. This also occurred on the Trans-Saharan trade routes with gold. Religion also played a big factor in why trade was increasing in these two trade routes. Increases in technology helped trade become more efficient and faster. For example, the compass helped people trade along the Indian Ocean sea lanes.
From 600 AD to 1750 AD, the expansion of trade and commerce on the Indian Ocean was transformed by traders and merchants from peoples such as Persians, Arabs, and Indians. However, there are more changes because of the participation of other cultures and people in the trading system. One significant continuity was the use and emergence of the same trade routes for both exports and imports of goods such as ivory, gold, and iron. A significant change was how the commerce around the Indian Ocean economically flourished. Places like East Africa, the Red Sea, India, and the Persian Gulf were all incorporated into the trade route when the commerce was rapidly developing in the Indian Ocean.
First they had crossroads of profitable trade. They would trade perfumes, precious metals, incense, and silk filed through their town, headed North to coastal town. When they would trade overseas to the Arabian Peninsula, they traded spices, textiles, and spices from Asia. Mecca was rich due to travel connects to Europe, Asia and Africa. Trade became such a big thing in Islam, it was known as...