This document discusses the evolution of global trade over time, from ancient trade routes like the Silk Road connecting Asia and Europe for valuable spices and silk, to the age of European exploration and colonization transforming trade between the old and new worlds, to the industrial revolution advancing transportation of goods via railroads and steam power, culminating in the modern era of globalization through technology and rise of multinational corporations and free trade agreements. It concludes by noting trade will continue to change the future and considers the need to make trade more sustainable and equitable.
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Wepik Trade Through Time From Spices to Selfies 20230826040810fIJI
This document discusses the evolution of global trade over time, from ancient trade routes like the Silk Road connecting Asia and Europe for valuable spices and silk, to the age of European exploration and colonization transforming trade between the old and new worlds, to the industrial revolution advancing transportation of goods via railroads and steam power, culminating in the modern era of globalization through technology and rise of multinational corporations and free trade agreements. It concludes by noting trade will continue to change the future and considers the need to make trade more sustainable and equitable.
This document discusses the evolution of global trade over time, from ancient trade routes like the Silk Road connecting Asia and Europe for valuable spices and silk, to the age of European exploration and colonization transforming trade between the old and new worlds, to the industrial revolution advancing transportation of goods via railroads and steam power, culminating in the modern era of globalization through technology and rise of multinational corporations and free trade agreements. It concludes by noting trade will continue to change the future and considers the need to make trade more sustainable and equitable.
Spices to Selfies Welcome! Join me on a journey through time and discover how trade has evolved over the centuries, from the ancient Silk Road to the modern-day digital economy. SPICES AND SILK The Spice Trade: Spices were once worth their weight in gold and drove the global economy. From cinnamon to pepper, these exotic flavors were highly sought after. The Silk Road was the main trade route, connecting Asia to Europe. It was a perilous journey, but the rewards were great. The Silk Trade: Silk was another valuable commodity. It was so highly prized that the Chinese kept the production process a secret for centuries. The Silk Road was also used to transport silk from China to Europe. AGE OF EXPLORATION The Age of Exploration: In the 15th century, European explorers set out to find new trade routes to Asia. They discovered new lands and resources, leading to the colonization of the Americas. The slave trade also played a significant role in the global economy during this time. The Columbian Exchange: The exchange of goods, animals, and diseases between the Old and New Worlds transformed both hemispheres. Potatoes, tomatoes, and corn became staples in Europe, while horses and cattle were introduced to the Americas. INDUSTRIAL REVOLUTION
The Industrial Revolution:
In the 19th century, the steam engine revolutionized transportation and manufacturing. Mass production and railroads made it possible to transport goods faster and cheaper than ever before. The rise of capitalism and free trade also changed the global economy. Colonialism and Imperialism: European powers established colonies around the world to exploit resources and create new markets for their goods. This led to the exploitation of indigenous peoples and the destruction of local economies. GLOBALIZATION Globalization: In the 20th century, advances in technology and transportation made the world more interconnected than ever before. The rise of multinational corporations and free trade agreements led to the globalization of the economy. The internet and social media have also transformed the way we do business and connect with each other. The Rise of China: China has emerged as a major player in the global economy. Its rapid economic growth has made it a manufacturing powerhouse and a major consumer market. CONCLUSION
The Future of Trade:
Trade has come a long way, from spices to selfies. The future of trade is uncertain, but one thing is clear: it will continue to evolve and shape our world. As we move forward, we must consider the impact of trade on people and the planet. Let's work together to create a more sustainable and equitable global economy.