In this book, William J. Bernstein truly displays the struggles in trade that got the human race to the point it is at today, something that can easily be taken for granted in modern times. Throughout this book, the author makes the case that trade is a human instinct just as our need for food and shelter, as well as the fact that trade has overall strengthened our global prosperity (Bernstein, 18). Mr. Bernstein accomplishes his goal by getting these points across therefore effectively chronicling the evolution of trade and how it affected the human race. However, the author can at times drag on, in turn making the book a bit dull. The book begins by explaining the beginning of world trade, and starting with the first evidence of long-range trade during the stone age (Bernstein, 16 and 20-54). Following this, the author continues by telling of advancements in ways of transportation of goods as well as the spread of trade to the Indian Ocean (Bernstein, 16 and 54-152). Next the …show more content…
An example of this is most particularly evident in Chapter Three: Camels, Perfumes, and Prophets (Bernstein, 54-77). It is during this chapter where Mr. Bernstein's writing lacks enthusiasm while talking about the trade between regions and the goods that were being traded. He tends to drag out the stories which could be told in a better way by summarizing some of the accounts, as well as trying to make the stories more entertaining. Nevertheless, A Splendid Exchange, is a very informative book that shows how trade has shaped the world in which we live in today. Mr. Bernstein uses many effective sources to support his thesis and effectively communicates his ideas to the reader. At times the book seemed to drag on from a lack of enthusiasm. That being said, this book was still very educational and
This chapter shows the trade over the ocean in 1000 ce. The ship was carrying raw materials and goods from all across Asia, containing tin and many more valuable metals.This shows the importance of tin in southeast Asia. Also Tin as a part of another important metal, bronze, was necessary for the production of everyday objects in many areas in Asia. This chapter shows how important metal was at this time and how much of use it was. The maps made it easy to show how Asia connected around other parts of the Asian world."Finally, trade was essential to the everyday practice of culture in the Asian world." [Page 73] this quote shows how trade was good for Asia in bringing it together
Daily Life through Trade: Buying and Selling in World History. Santa Barbara, CA: Greenwood, 2013. Print.
• Discuss the changes and continuities in the Silk Road trading network from 600 BCE – 1450
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 Indian Ocean Trade Network, as well as the silk road had aided in cultural diffusion, and the transmission of ideas, however these routes were different in the way in which they were traversed and what ideas were specifically transmitted. The Indian Ocean Trade route
The trading routes, created by the desire from both the New and Old World for exotic foods and animals,
Trade was also a significant motivation for Europeans to “colonize territories across the seas”. Trade was one of the most effective ways to improve the economy for the Europeans, and a significant way
Trade: It is a widespread fact that international trade has increased to unprecedented levels as compared to the nineteenth century. However, it was an era of rapid trade growth, cultural ties and aftermath of Age of Exploration. After the post-World War period, an extensive
The trade industry expanded as new products came in from the “Old World”. Events such as the Columbian Exchange revolutionized the trade market in the New World. Gettysburg’s article, “The Columbian Exchange” states that, “Exchanges of plants, animals, diseases and technology transformed European and Native American ways of life. The Columbian Exchange impacted the social and cultural makeup on both sides of the Atlantic. Advancements in Agricultural production, evolution of warfare, increased mortality rates and education” (Gettysburg.edu).
The movement of goods, people, and wealth in the late 17th and 18th centuries permanently changed societies across the continents of Europe, Africa, and North and South America, thereby increasing the reach of globalization in the modern age. Most influential to this movement was what is sometimes referred to as “The Atlantic Circuit”, a triangle of trade between Western Europe, western Africa, and the West Indies. Out of this circuit came the rapid growth of the Atlantic slave trade, which not only established multiple industries of agriculture, but significantly changed the economies of all countries involved. The
Trade networks in Africa from 1000-1750 CE changed, such as the increase of the slave trade, yet continued to have some of the same characteristics, such as the exports.
In conclusion, the topic of free trade is difficult to debate and often controversial as it has advantages but also disadvantages. Nonetheless, the drawbacks outweigh the benefits as it one, contravenes basic moral ideologies, two, makes the rich, richer, and the poor, poorer, and three, jeopardizes our declining environment. All in all, free trade will neither support nor sustain our country to be ethical, prosperous or
Trade makes Everyone Better – by trading with one another we can all win or come out for the better. That’s because, not everyone can make something as good or at the same cost as someone else, for the simple reason that we do not have access to the same amount resources or skills to produce something. (Mankiw, 2013) A town in the mountains would have a difficult time suppling the same amount or quality of fish that a town located on a lake or the coast of an ocean. Yet the same town has access to a better supply of granite from its quarries or lumber from its forests than the town better equipped for fishing.
Trade is generally known as the buying and selling of goods from one person to another, “international trade would involve at minimum two countries and can go up to however many want to participate in the trade”1 and have something to offer that the there corresponding countries are willing to accept. Trade involves a lot of protection backed by the governments of the countries trading; hence, there are a number of common arguments in favor of protection. These may help certain groups within a country, or even may help a nation achieve some overall goal entirely. When it comes to trade there are numerous arguments put forward, some of which I will be discussing in this paper such as government
This article shows that international trade can have practical limitations. The textbook explains that one of these limitations is the fact that while two countries can both benefit by trading with each other, excessive trade can harm people and businesses. Also, by raising tariffs and discouraging trade, African countries are both impeding economic growth and lowering the standard of living.