Essay on International Commodity Flows and New Trade Network

“No nation was ever ruined by trade.” This quote was said by Benjamin Franklin in the late 1700s. These words are so simple, and it seems like anyone could have said them. However, this quote has a bigger meaning in that throughout world history, trade has been so important to so many countries and it has led to many empires successes. It has occurred for a very long time, and it has progressed dramatically. Trade has changed a lot, but some parts of trade stayed the same over a long periods of time. In the era between 300 CE and 1450 CE, trade between Eurasia and Africa changed because the empires and kingdoms in power were replaced and their control over trade differed;

Focusing on micro examples in order to explain a macro concept is the basis of what Donald Wright wanted to do with his book “The World and a Very Small Place in Africa”. In this text, Wright explores the concept of globalization in the small country of Niumi, a country in West Africa with the Gambia river flowing through it’s land. With it’s position in Northern West Africa, Niumi was a major part in the expansion of Europeans for a great part of world history. This expansion impacted the civilization of Niumi during the European Colonial era, and after the colonial era. Globalization, a major theme in our lectures, was a controlling theme and major concept Mr. Wright discusses throughout this book. His micro connection with Niumi & globalization can apply to other

The overseas trade in the South was completely different from that in New England and the middle colonies, as there was a shortage in crops of tobacco, rice, and indigo in conjunction for the English goods, which ended up being a downfall. Even with this being a downfall, New England had shipbuilding, fishing, and maritime trading which brought them in a good cash flow for trade. New England ended up inputting into place a high tax on specific goods such as fish, flour, and wheat, in order to safeguard there own agriculture and fishing wealth.

trade between Africa, Europe, and North America. By trading rum, money and goods were brought

The first chapter in Boahen’s book is titled “Eve of Colonial Conquest” and this section gives the readers a background of the colonialism in Africa through a look at the fundamental economic, political, and social changes that occurred just a few decades before colonialism took root. Boahen states that the trade of “natural products” is the most significant economic change in Africa by 1880. Just before the trading of “natural products” slave trades were abolished.

The change before the seventeenth century with Africans was significant. They were seen differently, developing racism, especially during the Trans-Atlantic Trade. Many events contributed continuity of the labor systems, such as the South Atlantic System and Triangle Trade system. The labor systems changed significantly within the West Indies and the Southern Colonies due to this trade. Slavery made up a large part of the social development of these areas due to the massive amount of land work.

1. Long-distance commerce acted as a motor of change in pre-modern world history by altering consumption and daily life. Essential food and useful tools such as salt were traded from the Sahara desert all the way to West Africa and salt was used as a food preserver. Some incenses essential to religious ceremonies were traded across the world because there was a huge demand for them. Trade diminished economic self-sufficiency by creating a reliance on traded goods and encouraged people to specialize and trade a particular skill. Trade motivated the creation of a state due to the wealth accumulated from controlling and taxing trade. Trade posed the problem of if the government or private

We as a world together have been through a lot of changes and made a lot of advances over the past couple of centuries. Many have argued about the outcome of the European expansion on the Americas. Some people feel that the Europeans had both a positive and negative impact on the expansion; however, the negative impact gave a devastating result, which would continue to change history for almost four hundred years. The Europeans were manipulative towards to indigenous people of the Americas. They exploited them, using them as their personal slaves. Most importantly, they silently murdered the Natives by introducing them to diseases such as the measles and smallpox. Consequently, a small pox epidemic was caused, which resulted in the

European imperialism in Africa was lead because of Africa’s raw materials and exportations and importations of the raw materials from Great Britain. Various African colonies, such as Angola, Congo-Free State, French West Africa, Rhodesia, South Africa, and Tanganyika contains useful resources, such as “palm oil” and “cotton” that are obtained for the manufacturing of “food products”, hygiene products, and textile. (Document D) Trevor Owen Lloyd demonstrates graph of the importations and exportations of the resources from south of the Sahara in Africa from Great Britain. And the increase in demand of the resources from “1854 to 1900”. (Document E) The raw materials and it’s importations and exportations of Africa has driven to European imperialism by creating connections from Europe to Africa, cause a more strategic way of recognizing Africa’s geography for colonization.

Regional trade in early africa was important because it laid a basis in many ways for a high class society. The unique sources of africa allowed people to trade with each other for things they need but couldn't make themselves. People in africa sold Ivory, Gold, iron, and salt which were all valued very high by traders. The iron allowed the Africans to make tools allowing them to make a surplus of crops. This made traders want to come back so that they can get more of the resources not near them that they can sell for a profit. But there was one negative too traders coming so often Ghana decided to jail some of the traders. This affected many other

a. The Triangular trade is a phrase that links the trade route of three continents, Europe, Africa, and the American continent. b. The first stage of the Triangular Trade involved merchant ships taking manufactured goods from Europe to West Africa. Reports show that Europe approximately exported $10 million dollars worth of goods to Africa annually. Manufactured goods included cloth, gin, tobacco, beads, iron goods, gunpowder and weapons.

The traditional way the slave trade is studied equates it with a triangle, or triangular trade. This triangle reduces each continent involved in the slave trade to one point, and leaves a student with an idea of a straightforward global trade that simply goes from point A to point B. This method of studying the slave trade omits all local civilizations, ports, and kings that a slave ship will undoubtedly interact with on a voyage. Robert Harms argues that these local factors are what shaped the slave trade, and that it is much deeper and more complicated than a triangle. Harms systematically describes in detail each stop of the Diligent's voyage, and although many of these kingdoms at first seem insignificant, he demonstrates to the reader

Germany’s imperialist experience in Namibia came with several advantages. These advantages were of a political and economic nature. Benefits experienced included an increase of trade with other powers, an increased amount of political influence, and the control over valuable resources in South West Africa. Firstly, Namibia contained many valuable resources, which Germany had control over. Resources in Namibia included diamonds, rubber plantations, copper, lead and gold (Unknown Author, 2004). This stockpile of valuable resources meant that Germany could make massive profits if the correct steps were taken. Out of all of these commodities, not only is diamond the most valuable, but it was the most abundant in South West Africa. Access to these minerals greatly expanded Germany’s portfolio of tradable commodities. Secondly, Germany received large profits from trading its colony’s resources with other powers colonies. The direct trade between Germany and Britain colonies in 1910 was nearly 630 000 British pounds. Over two thirds of this income was from South West

As large interest rate differentials in favor of EMEs are expected to persist, capital inflows and possibly long term investments ensue (Lavigne et al. 2014, 25; Lim et al. 2014, 8). All of these capital inflows into EMEs due to increased demand and appetite for risk would serve to put upward pressure on asset prices and can potentially lead to financial bubbles and speculative investment as a result of the increased liquidity and risk seeking.

Global Trade is one of an essential activity that undertakes between two nations in a modern world (Buckley & Casson, 2016). It can be accessed not only by a wide range of product or service market but also accompanies competition through competitive advantage even though it is between countries like New Zealand and Australia. The international trade in these countries accompanies a total of 20-30% of GDP. However, the future growth rate of Australia and New Zealand is strong and opts to increase economic nationalism through the continuous balancing of policies, globalization and technology.