Timeline of international trade
From Wikipedia, the free encyclopedia
The history of international trade chronicles notable events that have affected the trade between various countries.
In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.
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[edit] Chronology of events
[edit] Ancient
- Records from the 19th century BC attest to the existence of an Assyrian merchant colony at Kanesh in Cappadocia.[1]
- The domestication of camel allows Arabian nomads to control long distance trade in spices and silk from the Far East.[2]
- The "ships of Tarshish," a Tyrian fleet equipped at Ezion Geber, make several trading voyages to the East bringing back gold, silver, ivory and precious stones.[5]
- Tiglath-Pileser III attacks Gaza in order to control trade along the Incense Route.[6]
- The Greek Ptolemaic dynasty exploits trading opportunities with India prior to the Roman involvement.[7]
- The Silk Road is established after the diplomatic travels of the Han Dynasty Chinese envoy Zhang Qian to Central Asia, with Chinese goods making their way to India, Persia, and the Roman Empire, and vice versa.
- With the establishment of Roman Egypt, the Romans initiate trade with India.[9]
- The goods from the East African trade are landed at one of the three main Roman ports, Arsinoe, Berenice or Myos Hormos.[10]
- Myos Hormos and Berencie (rose to prominence during the 1st century BCE) appear to have been important ancient trading ports.[11]
- Gerrha controls the Incense trade routes across Arabia to the Mediterranean and exercises control over the trading of aromatics to Babylon in the 1st century BC.[12] Additionally, it served as a port of entry for goods shipped from India to the East.[13]
- Due to its prominent position in the Incense trade, Yemen attracts settlers from the fertile crescent.[14]
- Pre-Islamic Meccans use the old Incense Route to benefit from the heavy Roman demand for luxury goods.[15]
- In Java and Borneo, the introduction of Indian culture creats a demand for aromatics. These trading outposts later serve the Chinese and Arab markets.[16]
- Following the demise of the incense trade Yemen takes to the export of Coffee via the Red Sea port of al-Mocha.[17]
[edit] Middle Ages
- At the eastern terminus of the Silk Road, the Tang Dynasty Chinese capital at Chang'an becomes a major metropolitan center for foreign trade, travel, and residence. This role would be assumed by Kaifeng and Hangzhou during the Song Dynasty.
- Guangzhou was China's greatest international seaport during the Tang Dynasty (618–907), but its importance was eclipsed by the international seaport of Quanzhou during the Song Dynasty (960–1279).
- Merchants arriving from India in the port city of Aden pay tribute in form of musk, camphor, ambergris and sandalwood to Ibn Ziyad, the sultan of Yemen.[19]
- Indian exports of spices find mention in the works of Ibn Khurdadhbeh (850), al-Ghafiqi (1150), Ishak bin Imaran (907) and Al Kalkashandi (fourteenth century).[20]
- The Hanseatic League secures trading privileges and market rights in England for goods from the League's trading cities in 1157.
[edit] Modern
[edit] Early Modern
- Due the Turkish hold on the Levant during the second half of the fifteenth century the traditional Spice Route shifts from the Persian Gulf to the Red Sea.[21]
- Portuguese diplomat Pero da Covilha (1460 – after 1526) undertakes a mission to explore the trade routes of the Near East and the adjoining regions of Asia and Africa. The exploration commenced from Santarem (1487) to Barcelona, Naples, Alexandria, Cairo and ultimately to India.
- Portuguese explorer and adventurer Vasco da Gama is credited with establishing another sea route from Europe to India.
- The first Dutch expedition left from Amsterdam (April 1595) for South East Asia.[23]
- A Dutch convoy sailed in 1598 and returned one year later with 600, 000 pounds of spices and other East Indian products.[24]
- The Dutch East India Company is formed in 1602.
- The first English outpost in the East Indies is established in Sumatra in 1685.
- The seventeenth century saw military disturbances around the Ottawa river trade route.[25] During the late eighteenth century, the French built military forts at strategic locations along the main trade routes of Canada.[26] These forts checked the British advances, served as trading posts which included the Native Americans in fur trade and acted as communications posts.[27]
- In 1799, The Dutch East India company, formerly the world's largest company goes bankrupt, partly due to the rise of competitive free trade.
[edit] Later modern
- Despite the late entry of America in the spice trade merchants from Salem, Massachusetts trade profitably with Sumatra during the early half of the nineteenth century.[31]
- Free trade agreement (1860) finalized between Britain and France under the presidency of Napoleon III, prepared by Michel Chevalier and Richard Cobden, sparks off successive agreements between other countries in Europe.
- The Japanese Meiji Restoration (1868)leads the way to Japan opening its borders and quickly industrializing through free trade. Under bilateral treaties restraint of trade imports to Japan were forbidden.
- In 1873, the Wiener Börse slump signals the start of the continental Long Depression, during which support for protectionism grows.
- In 1946. the Bretton Woods system goes into effect; it had been planned since 1944 as an international economic structure to prevent further depressions and wars. It included institutions and rules intended to prevent national trade barriers being erected, as the lack of free trade was considered by many to have been a principal cause of the war.
- In 1947, 23 countries agree to the General Agreement on Tariffs and Trade to rationalize trade among the nations.
- European Free Trade Association is established in 1960.
- The Zangger Committee is formed in 1971 to advise on the interpretation of nuclear goods in relation to international trade and the Nuclear Non-Proliferation Treaty (NPT).
- October 16, 1973: OPEC raises the Saudi light crude export price, and mandate an export cut the next day, plus an Embargo on oil exports to nations allied with Israel in the course of the Yom Kippur War.
- The Nuclear Suppliers Group (NSG) was created in 1974 to moderate international trade in nuclear related goods, after the explosion of a nuclear device by a non-nuclear weapon State.
- January 1, 1995: World Trade Organization is created to facilitate free trade, by mandating mutual most favored nation trading status between all signatories.
[edit] See also
[edit] Notes
- ^ Stearns 2001: 37
- ^ Stearns 2001: 41
- ^ Rawlinson 2001: 11-12
- ^ Rawlinson 2001: 11-12
- ^ Rawlinson 2001: 11-12
- ^ Edwards 1969: 330
- ^ Young 2001: 19
- ^ Young 2001: 19
- ^ Shaw 2003: 426
- ^ O'Leary 2001: 72
- ^ Shaw 2003: 426
- ^ Larsen 1983: 56
- ^ Larsen 1983: 56
- ^ Glasse 2001: 59
- ^ Crone 2004: 10
- ^ Donkin 2003: 59
- ^ Colburn 2002: 14
- ^ Donkin 2003: 91-92
- ^ Donkin 2003: 91-92
- ^ Donkin 2003: 92
- ^ Tarling 1999: 10
- ^ Donkin 2003: 170
- ^ Donkin 2003: 169
- ^ Donkin 2003: 169
- ^ Easterbrook 1988: 75
- ^ Easterbrook 1988: 127
- ^ Easterbrook 1988: 127
- ^ Donkin 2003: 170
- ^ Corn 1999: 217
- ^ Corn 1999: 217
- ^ Corn 1999: 265
[edit] References
- Stearns, Peter N.; William L. Langer (2001-09-24). The Encyclopedia of World History: Ancient, Medieval, and Modern, Chronologically Arranged. Houghton Mifflin Company. ISBN 0-395-65237-5.
- Rawlinson, Hugh George (2001). Intercourse Between India and the Western World: From the Earliest Times of the Fall of Rome. Asian Educational Services. ISBN 8120615492.
- Shaw, Ian (2003). The Oxford History of Ancient Egypt. Oxford University Press. ISBN 0192804588.
- Donkin, Robin A. (2003). Between East and West: The Moluccas and the Traffic in Spices Up to the Arrival of Europeans. Diane Publishing Company. ISBN 0871692481.
- Easterbrook, William Thomas (1988). Canadian Economic History. University of Toronto Press. ISBN 0802066968.
- Rawlinson, Hugh George (2001). Intercourse Between India and the Western World: From the Earliest Times of the Fall of Rome. Asian Educational Services. ISBN 8120615492.
- Young, Gary Keith (2001). Rome's Eastern Trade: International Commerce and Imperial Policy, 31 BC-AD 305. Routledge. ISBN 0415242193.
- Corn, Charles (1999). The Scents of Eden: A History of the Spice Trade. Kodansha America. ISBN 1568362498.
- Larsen, Curtis (1983). Life and Land Use on the Bahrain Islands: The Geoarcheology of an Ancient Society. University of Chicago Press. ISBN 0226469069.
- Crone, Patricia (2004). Meccan Trade And The Rise Of Islam. Gorgias Press LLC. ISBN 1593331029.
- Edwards, I. E. S.; et al. (1969). The Cambridge Ancient History. Cambridge University Press. ISBN 0521227178.
- Tarling, Nicholas (1999). The Cambridge History of Southeast Asia. Cambridge University Press. ISBN 0521663695.
- O'Leary, De Lacy (2001). Arabia Before Muhammad. Routledge. ISBN 0415231884.
- Colburn, Marta (2002). The Republic Of Yemen: Development Challenges in the 21st Century. Progressio. ISBN 1852872497.
- Crone, Patricia (2004). Meccan Trade And The Rise Of Islam. Gorgias Press LLC. ISBN 1593331029.
- Glasse, Cyril (2001). The New Encyclopedia of Islam. Rowman Altamira. ISBN 0759101906.
- Corn, Charles (1999). The Scents of Eden: A History of the Spice Trade. Kodansha America. ISBN 1568362498.
- Needham, Joseph (1986). Science and Civilization in China: Volume 4, Physics and Physical Technology, Part 2, Mechanical Engineering. Taipei: Caves Books Ltd.
- Ebrey, Walthall, Palais, (2006). East Asia: A Cultural, Social, and Political History. Boston: Houghton Mifflin Company.
- Morton, Scott and Charlton Lewis (2005). China: Its History and Culture: Fourth Edition. New York: McGraw-Hill, Inc.
- Krugman, Paul., 1996 Pop Internationalism. Cambridge: MIT Press,
- Mill, John Stuart., 1844 Essays on Some Unsettled Questions of Political Economy
- Mill, John Stuart., 1848 Principles of Political Economy with some of their Applications to Social Philosophy (Full text)
- Smith, A. 1776, An Inquiry into the Nature and Causes of the Wealth of Nations
[edit] External links
- The BBC's illustrated history of free trade
- The Cato institute says free trade has brought wealth to countries engaging in it for 500 years.
- A chronology of maritime Asian trade from 425 BC (Chinese silk trade with Greece by sea.) to 1700
- Tariffs and Subsidies - The Literal Cost of High Fructose Corn Syrup
- Dictionary of Traded Goods and Commodities: a dictionary of trade in Britain, 1550-1820. Part of British History Online, by permission of the University of Wolverhampton.
