The Indian Ocean trade was dominated by China and India. Their technological and industrial advantages put them ahead because they were able to produce good faster, cheaper, and better than anyone else. On the other hand, Europe and mainly Spain fell short of Asia’s advances. Europe was generally self-sufficient, “For Europe draws from Asia nothing of solid use; only materials to supply luxury…” as in Document 8 states, Europe had no urgent necessity to participate in trade. During the late 1550’s Spain’s rulers were trying to conquer Europe, which lead to wars within the continent. Europe remained handicapped and did not have much impact in the Indian Ocean trade, aside from wool and firearms with Africa. It seemed as though they benefited…
Europeans transformed earlier patterns of commerce by participating in new networks of exchange, such as the silver trade. This trade network “gave birth to a genuinely global network of exchange” (679) by connecting many parts of the world. The silver trade was also the “first direct and sustained link between the Americas and Asia” (680). Europeans, specifically the Portuguese and the Spanish, also assimilated into older patterns by attempting to participate in (and control) a major trade network: the Indian Ocean commerce.…
A significant change was the involvement of European traders and merchants became more increased in the Indian Ocean due to colonization and economic ambition. For example, the European merchants and traders have begun to colonize and establish trading ports and cities throughout India, Europe and the Pacific regions. Also, the opium trade with China allowed British merchants to earn a profit by producing the opium in India and then moving it into China for trade. Furthermore, the European states started to establish rings of influence throughout regions. Also the Indian Ocean was used as both an agricultural are and an industrial area. Europeans used these areas to supply and…
Both the Chinese and the Portuguese sought involvement in the Indian Ocean trade but each group used methods that juxtaposed each other. The Chinese had a lot of goods that those involved in the Indian Ocean trade routes desired. On the other hand, the Portuguese did not really have any goods to trade; no one needed iron pots or the wool clothing that they produced. This led the Europeans to take a different approach; since they could not trade in the way others could, they had to use coerce their way in. Their methods involved the conquest of various Indian Ocean nations and therefore it was much more abusive than the ways of the Chinese. Following the descriptions of Malacca, Ceylon, and Hormuz as found in personal accounts by Ma Huan and…
-The Indian Ocean has long been a vital area for developing civilizations in theMiddle East and Asia. It served as a highway for goods and people, with itscoves and large landmass proximity sheltering the seafarers. The monsoonwinds were very predictable and helped to transport goods very easily, and largeships filled with goods were easily transported -The traders and merchants who operated in the Indian Ocean trading systemwere for the most part not loyal to their homeport. They were independent andtraded without influence from their homeland. -During the period of 1368, the Chinese government began to show interest inthe trading going on in their ports, because of the large amount of revenue it wasgenerating. The ruler’s Ming dynasty overthrew the Mongols at this point andbegan to establish connections and implement policies in order to nurse China’ssuffering economy and prestige back to what it was before the Mongolconquests. Once establishing…
During the 600s to the 1450s, trading was mostly done by land. There were long-distance trading occurring then, but not as much sea travel and ocean trade routes as in the 1450s to 1750s time period. The post-classical period (600-1450) included the long-distance trade from the European to the African kingdoms. However, there wasn’t any constant trading happening between the eastern and western hemisphere. On the other side, during the time frame after this (1450-1750), trading was constant with the western and eastern hemispheres now connected by sea-based travel. World trade patterns where happening due to the Atlantic Ocean trade eventually crossing of the Pacific Ocean. Trading began with small items and grew to even humans, slaves. Trade routes influenced the cultures and belief systems back then also. Connections between different people brought both positive and negative effects. Technology also improved because of necessary traveling items.…
Between 1000-1700 world trade patterns changed due to the discovery of the Western Hemisphere, and the decline of the importance of land routes. However, one world trade aspect that stayed the same was the importance of the Indian Ocean Basin and the spices that were found there.…
For example, India trade was greatly augmented by European trade which, in effect helped India’s merchants and by extension India’s economy. So much so, that many Indian merchants amassed massive fortunes. The way in which they grew in wealth was through a method called the “domestic” system which would later be adopted by the English. To further emphasize how much trade in India had exploded, Akbar was compelled to launch wide scale road building in order to easier facilitate trade. Similarly, the Armenian merchants of the Safavid Empire greatly benefited form European trade. In particular, was their trade of Persian silk which, was highly sought after. In fact, the Armenian merchants were so adept at long distance trade they were able to auspiciously operate in European dominated…
Economically, the Indian Ocean trade stayed the same with the spread of goods, but changed because of the ways they were traded along the road. An example of this continuity would be the trade of exotic animals, wood and ivory from Africa in the early times of the Indian Ocean…
Although the silk road and the Indian ocean trading network both diffused religions,technology,and the transfer of goods. However the silk road supported a strong state for defenses, primarily traded in luxury goods that did not benefit the common man, different religions diffused on each of the trade networks as well. The indian ocean network on the other hand dealt in the trade of bulk goods such as timber and spice’s. The indian ocean network was also never controlled by one large group. The Indian ocean network was often not considered a relay trade where one group gave the goods and the other side received them,but on the silk road the trade was continued one group gave goods to another and then they traded that for something else with…
The Mediterranean Sea had been the focus of European trade with other parts of the world for over 2000 years. In fact, until about the year 1500, the Atlantic Ocean had been a barrier, for Europeans. After 1492, this focus shifted to the Atlantic Ocean by routes south around the Cape of Good Hope, and by trans-Atlantic trade. European discoveries of new land meant an increase in commercial activity of the society from which the discoverer comes. Until then, most trading and manufacturing originated from Asia. The opening of the Atlantic introduced more sources and markets having a positive effect on European commerce. On a more specific level, the role of internal commerce in France, England, and the Spanish kingdoms exponentially. As Europeans recovered from the shock of the plague, the part of commerce and industry in the economy started to grow, particularly during the fifteenth century. This had…
East African Pastoralists Herding large and small livestock has long been a way of life in drier…
McCormick, M. (1992). Anthropology -- rome and india: The ancient sea trade edited by vimala begley and richard daniel de puma. Choice, 30(2), 346-346. Retrieved from http://search.proquest.com/docview/226027715?accountid=32521…
The impact of trade on East Asia and South Asia was similar in that it promoted economic development in both regions. In East Asia, the Grand Canal, a series of connected waterways, linked together north and south China. As northern and southern China traded rice and other food crops, the larger economy of China improved and grew. In South Asia, northern and southern India traded spices, metals, and specialized crops that were not available throughout India. As northern and southern India traded, the south prospered and experienced a surge in economic development. Trade promoted economic development in both East Asia and South Asia because they both traded within their region and outside of it, obtaining profit and wealth, along with goods.…
In 1600, the East India Company acquired a charter from Queen Elizabeth I, granting it the sole right to trade with the East. The royal charter, however, could not prevent other European powers from entering the Eastern markets. By the time the first English ships sailed down the west coast of Africa, round the Cape of Good Hope, and crossed the Indian Ocean, the Portuguese had already established their presence in the western coast of India, and had their base in Goa. In fact, it was Vasco da Gama, a Portuguese explorer, who had discovered this sea route to India in 1498. By the early seventeenth century, the Dutch too were exploring the possibilities of trade in the Indian Ocean. Soon the French traders arrived on the scene. The problem was that all the companies were interested in buying the same things. The fine qualities of cotton and silk produced in India had a big market in Europe. Pepper, cloves, cardamom and cinnamon too were in great demand. Competition amongst the European companies inevitably pushed up the prices at which these goods could be purchased, and this reduced the profits that could be earned. The only way the trading companies could flourish was by eliminating rival competitors. The urge to secure markets therefore led to fierce battles between the trading companies.…