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Silk Roads
The Silk Road derives its name from the lucrative trade in Chinese silk carried out along its length. Trade on the Silk Road played a significant role in the development of the civilizations of China, the Indian subcontinent, Persia, Europe, the Horn of Africa and Arabia, opening long-distance, political and economic relations between the civilizations. -
Period: 114 to Dec 25, 1450
Silk Roads
The Silk Road or Silk Route was an ancient network of trade routes that for centuries were central to cultural interaction through regions of the Asian continent connecting the West and East from China to the Mediterranean Sea. -
Dec 24, 1418
Atlantic slave trade
The Atlantic slave trade or transatlantic slave trade took place across the Atlantic Ocean from the 15th through 19th centuries. This was crucial to those western European countries which, in the late 17th and 18th centuries, were vying with each other to create overseas empires. The Portuguese were the first to engage in the New World slave trade in the 16th century. -
First Trade
Trade, or commerce, involves the transfer of the ownership of goods or services, from one person or entity to another, in exchange for money, goods or services. A network that allows trade is called a market. The original form of trade, barter, saw the direct exchange of goods and services for other goods and services. Barter is trading things without the use of money. -
Free trade
Free trade is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.
Features of free trade : Trade of goods without taxes (including tariffs) or other trade barriers (e.g., quotas on imports or subsidies for producers), Trade in services without taxes or other trade barriers. -
Opium Wars
Many Chinese became addicted to opium, and they were forced to work for opium or pennies, so that Europe could get cheap silk, tea and other raw materials.
China, the previous global potency, was sunk into a lot of economic problems, corruption, violence and drug addiction.
And Great Britain became the first global economy, mostly because of tea trade. -
Period: to
Opium Wars
It started with the British trafficking opium to Qing China. The reasons for the British selling opium to China are complex, but basically they did it to address a stubborn trade imbalance. -
Fair trade start
Fair trade is a social movement whose stated goal is to help producers in developing countries achieve better trading conditions and to promote sustainability.The movement focuses in particular on commodities, or products which are typically exported from developing countries to developed countries, but also consumed in domestic markets (e.g. Brazil, India and Bangladesh) most notably handicrafts, coffee, cocoa, wine, fresh fruit, chocolate, flowers, gold, and 3D printer filament. -
General Agreement on Tariffs and Trade
The previous system of the WTO system. General Agreement on Tariffs and Trade (GATT) was a multilateral agreement regulating international trade. -
World Trade Organization(WTO) establishment
The World Trade Organization (WTO) is an intergovernmental organization which regulates international trade. -
The World Trade Center
The World Trade Centers Association, an unofficial organization dedicated to the establishment and effective operation of World Trade Centers (WTCs). The building complex that was destroyed by hijackers using airplanes on September 11, 2001. -
United States–Korea Free Trade Agreement
The trade agreement involves an estimated 362 million consumers in the United States and the Republic of Korea. The treaty's provisions eliminate 95% of each nation's tariffs on goods within five years, and also create new protections for multinational financial services and other firms.
