The Silk Roads played an important role in connecting Afro-Eurasia, both culturally and economically. The term “Silk Roads” was first used by Baron Ferdinand von Richtofen, a German geographer from the 19th century. He created the phrase to describe the routes between India, China, and the Mediterranean, which were used to transport items such as silk, livestock, glass, and precious metals. Historians have speculated that the roads might have been used as early as 2000 B.C.E. In the last century B.C.E., the Silk Roads experienced a golden age.
How was the world interconnected in the early modern period, according to the introduction by Pomeranz & Topik? In what ways did the non-Western “peripheries” still have influence in their economic roles? The world was interconnected in the early modern period by trade. Many different countries traded goods with each other, and adapted different cultures and traditions.
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.
The Columbian Exchange refers to the monumental transfer of goods such as: ideas, foods, animals, religions, cultures, and even diseases between Afroeurasia and the Americas after Christopher Columbus’ voyage in 1492. The significance of the Columbian Exchange is that it created a lasting tie between the Old and New Worlds that established globalization and reshaped history itself (Garcia, Columbian Exchange). Worlds that had been separated by vast oceans for years began to merge and transform the life on both sides of the Atlantic (The Effects of the Columbian Exchange). This massive exchange of goods gave rise to social, political, and economic developments that dramatically impacted the world (Garcia, Columbian Exchange). During this time,
Japan didn’t open to foreigners until the mid-19th century. Japan quickly realized the situation and began to modernize and westernize as fast as possible. Japan wanted to be strong enough to resist domination of western imperialists who wanted Japan for their own. Japan also wanted to become the strongest Asian country. Japan’s tactics of rapid modernization succeeded, and kept the country and government independent of foreign control.
From the 1880s to the 1930s, the cotton service in Japan and India went through the process of mechanization. Although both Japan and India gave low wages to workers and used their machines more for production, there were more female workers in Japan while India used mostly men. However, Japan had worse factory conditions. Documents 3, 5, and 9 show the low wages the factory workers received in Japan and India during this time. Document 3 is the point of view of two Japanese women who recall their childhoods being factory workers.
Hello in this paper Im going to define, discuss Political Economy in Ancient Greece. Politcal Economy is the earlier name for economics , the Ancient Greeks came up with the name but in the late 19th Century economists decided economics is a better shorter name. The economy in Ancient Greeks were based on Agriculture,Crafts, Trade, Taxation and Currency . Agriculture was imporant to the Ancient Greeks because it employed up to 80% of the Greek population. Agriculture consisted of olive trees, grapevines, herbs, vegetables, and oil producing plants .
Columbian Exchange The Columbian Exchange is the historical swapping of peoples, animals, plants and diseases between Europeans and Indians that brought about cultural blending and a birth of a new world. However, the exchange favored Europeans as their population grew while Indians population declined since they brought in diseases like typhoid, chicken pox and malaria which wiped the Indians population who lacked natural immunity. The European plants like wheat, rice, sugarcane and barley and animals like cattle, horses, sheep, swine and chickens affected the native environment. European settlers started corn, cassava and potato farming and that resulted to a quick population growth.
Throughout the centuries of North American history many types of trades have helped the economy develop. One of the most lucrative means of trade was the fur trade which began, and thrived, in the 1500’s. Trading furs for profits or for other goods in North America began when fisherman bartered their fish for other goods. As fur trading became more popular large, convenient entrances opened such as the opening through the Hudson Strait and the Hudson Bay, which allowed for further, larger trade throughout the northern lands. The location of the exchange network in the Hudson area led to a high consumerism which would eventually be known as the Hudson’s Bay Company, the oldest department store chain in North America.
2.3. Rethinking the International Trade Theory Supporters of laissez-faire consider that free trade without regulations is the best policy in all circumstances and that government interventions distort markets and reduce benefits in the whole economy. They follow the basic principles of the “invisible hand” proposed by Adam Smith in which economy is in better condition if individuals pursue their own interests. However, they sometimes failed to acknowledge Smith's recognition of the need of institutions that allow people to maximize their welfare (Lewer and Van den Berg 73). By institutions he meant such things as legal, economic, political, social, cultural and technological systems that foster income growth for the citizens (73).