International commerce

By Jeniffer Chavez
  • 7000 BCE

    THE TRUEQUE

    The first form of commerce where made through exchanges
  • 1300

    INTERNATIONAL EXCHANGE

    International exchange of goods started in Egypt, Fenicia, Cartago, Greece and Rome.
  • 1400

    FEUDAL SYSTEM

    The merchant operated the new commercial relationship figures
    Market
    Currency
    Commodity
  • 1500

    CAPITALISM

    It`s important that there are more exports than imports.

  • MERCANTILISM

    The policy expands the exchange of goods, focusing on foreign trade

  • ADVANTAGES OF INTERNATIONAL TRADE

    1. Each country specializes in those products where they have greater efficiency which allows them to better use their productive resources and raise the standard of living of their workers.
    2. Prices tend to be more stable.
    3. It makes it possible for a country to import those goods whose internal production is not sufficient and not produced.

  • EXCHANGE

    The exchange of products was the begining of trade between civilizations, they use to exchange their goods that they considerate with the same value.

  • CURRENCY INTRODUCTION

    Currency, or money, in a general definition means the exchange of goods. Money is also a unit of account and storing value.

  • COMMERCIAL ROUTES

    Throughout the Middle Age, transcontinental trade rutes appears and attempted to get to Europe to satisfy the demand of goods and merchandise.

  • INDUSTRIAL REVOLUTION

    Started in England with the economic empire, transforming the production system in different countries

  • TRANSATLANTIC TRADE

    Before the 19th century, transatlantic crossings between America and Europe were done on sailboats, which was slow and often dangerous. With the steamboats, the crossings became faster and safer.

  • INNOVATIONS IN TRANSPORTATION

    Before the nineteenth century transport revolution, consumer goods had to be manufactured near the destination. It was economically unfeasible to transport goods from a distant place.

  • FIRST STAGE OF INTERNATIONAL TRADE

    1860 and 1870 in the first stage of international trade acquires great intensity and triumphs the great mechanical industry in England with the Industrial Revolution.

  • GATT

    the GAAT was created removing the tariffs through this agreement

  • CREATION OF OAS

    Stability was created and the balance between imports and exports was balanced.

  • STABILITY WAS CREATED AND THE BALANCE BETWEEN IMPORTS AND EXPORTS WAS BALANCED.

  • MÉXICO HAD A STRONG ACTIVITY IN THIS PERIOD

  • creation of the world trade organization the OMC

  • TLCN

    Canada Mexico and the United States eliminate obstacles in their trade