Impacts of international Trade to World History

Impacts of international Trade to World History

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Impacts of international Trade to World History

The international trade is famous and significantly impacted the world history up to date. The international trade involved various continents in the world where several trade partners formed trade routes where the main aim was an exchange of various commodities. The international trade enhanced the advancement of the commercial sector as well as economic development as apart from goods there was an exchange of ideas. The partners of the trade were business orientated, and their primary focus was the creation of wealth as seen from the trades’ results of many participants evolved as wealthy merchants as well as empowerment of empires. In this paper, the main partners of international trade, the reasons for various partners having interest on a certain commodity, the traded items as well as the trades’ impact on various involved parties are discussed into a profound extent. The triangular trade, Columbian trade, and the Spice trade are put in consideration in emphasizing on the impact of international trade to the world.

The triangular trade also referred to as the Atlantic trade involved the voyage that began in Europe where industrial goods were loaded and taken to Africa in exchange for the slaves who were taken to America. The principal partners in this trade route were the Europeans, Africans, and the Americans. After the Europeans transport goods to Africa in exchange for slaves, then the slaves could be taken to America where they could be sold as slaves. America was commonly known for the production of agricultural products among many others which could be later transported to Europe for processing to final goods. Therefore, there was a high demand for labor for the production in America hence the high demand for slaves (Zhou & Latorre, 2014). The Africans were interested in the merchandises such as clothes, jewelry, and ornamentals among any others provided by the Europeans because they did not have the industries and other technical requirements to transform goods into final products. Apart from slaves, the Europeans could also get ivory, tusks as well as hides and skin which were raw materials to their industries. The Europeans main concern was earning capital and as well as the market for their products making the triangular trade fundamental to them. The Atlantic Trade partners mutually benefited from the good exchanged.

The Columbian Trade is one of the widely held world trade that involved both east and west in the exchange of goods. It played a significant role in consideration in the events regarding agriculture, culture, and ecology in regards to the history of man. Christopher Columbus was the pioneer of the trade which set a proper phase in world’s communication as well as the process of colonization. It mainly involved the contact between the European and America who were referred to the old and new world respectively. It also at a later stage involved other continents which include Asia and Africa. The trade majorly involved the exchange of crops and livestock varieties between the continents which was greatly facilitated by the new settlement of Europeans in America. The introduced plants and livestock created a significant diversification in America’s ecosystem as well as a source of wealth. The Columbian Exchange also led to the trade of diseases which affected both animals and plants in the involved partners (Findlay & Lundahl, 2017). The primary interest of the parties involved in the trade was introducing new varieties of crops and livestock as well maximization of agriculture in wealth generation.

The spice trade involved the exchange spice between the ancient empires in Europe, Northeast Africa, and Asia. Among the great spices traded include ginger, cassia, pepper, cinnamon, turmeric, and cardamom. These spices were known popularly, and they were significantly used as commodities for exchange in the eastern world. During the trade, the partners followed the spice route which connected the east and west across the Mediterranean. The partners were interested in trading spices as they were commonly known as ancient herbs that were used for medication as well as advantageous nutrition. Spices were the underlying and beneficial commodities being transported during the trade were the fundamental source of the name routes (Gilboa & Namdar, 2015). The partners of the trade significantly benefited from the income earned leading to economic development.

As discussed above, the triangular trade, Columbian trade as well as the Spice trade significantly impacted the history of the world as well as the well-being of the partners involved. The effects are experienced up to today as there is greater diversification of industrial development, scientific inventions as well as agricultural development in the world.

References

Findlay, R., & Lundahl, M. (2017). International trade and factor mobility with an endogenous land frontier: Some general equilibrium implications of Christopher Columbus. In The Economics of the Frontier (pp. 261-281). Palgrave Macmillan, London.

Gilboa, A., & Namdar, D. (2015). On the beginnings of south Asian spice trade with the Mediterranean region: a review. Radiocarbon, 57(2), 265-283.

Northrup, C. C., Bentley, J. H., Eckes Jr, A. E., Manning, P., Pomeranz, K., & Topik, S. (2015). Encyclopedia of World Trade: From Ancient Times to the Present (Vol. 1). Routledge.

Zhou, J., & Latorre, M. C. (2014). How FDI influences the triangular trade pattern among China, East Asia and the US? A CGE analysis of the sector of Electronics in China. Economic Modelling, 44, S77-S88.