10 most important events in history that bring further development of international trade
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Jan 10, 1001
Roman Inidan Trade
According to Periplus Maris Erythraei, which is a Greek travel manuscript, written in the 1st century CE, there used to be extensive trade between Romans and the Indians. I think it is a big event because it was the very first step of creating globalism nowadays, making the international trade very covenient. -
Mar 10, 1120
Creation of Paper printed money
The Song Dynasty created the first paper printed money. Aden, Siraf, Damietta and Alexandria were used as ports through, which the Abassids entered China and India. I think this is one of the most imporant events because paper money is the international currency for trading nowadays. -
Aug 3, 1492
Voyages to the New World
olumbus sailed from Palos, Spain, with three small ships, the Santa María, commanded by Columbus himself, the Pinta under Martín Pinzón, and the Niña under Vicente Yáñez Pinzón. I believe this is one of the most imporant events because it explored new lands (America also) which allowed them and other countries to made a lot of trades later. -
Introduction of foreign trade licenses
Foreign trade licenses were introduced by Japan to prevent piracy and smuggling. I think it is one of the most important events for international trading because it put the restriction such as import control on international trading which made it more systematic. Also, trading became more professional by using licenses. -
Trading Ports
The French reconstructed military forts during the eighteenth century. These forts acted as trading and communication ports for trade of fur. I think -
India Company Bankruptcy
Dutch East India Company was established in the year 1602. The company declared bankruptcy in 1799 because of a rise in competition in free trade. I think it's a big event because it alert the other companies to be meore cautious with their trading business. -
The Cobden-Chevalier Treaty
The first international free trade agreement, the Cobden-Chevalier Treaty, is finalised in 1860 between the United Kingdom and France, prepared by Richard Cobden and Michel Chevalier; I believe it is important as it sparks off successive agreements between other countries in Europe. -
Japan Opened Its Doors
In 1868, Japanese Meiji Restoration opened its doors for industrialization by means of free trade. It think it is important because it made the world more opportunity to trade including Japan. -
Bretton Woods System
In the year 1946, the Bretton Woods System was introduced. This international economic model was introduced to stop wars and depressions. I think it is important because it is made to sovle the problem of causing war due to the lack of free trade. This made the countries to negotiate and trade instead of using war force. -
World Trade Organization
On 1st January, 1995, the World Trade Organization or the WTO came into being to promote free trade between various nations. I believe this is such a huge improvement in interantional trade as it to ensure that trade flows smoothly, predictably between nations.
