The first innovative traders were the Phoenicians. They were very well
they cannot communicate, so they had to get it on paper. They spread their
the letters they used, were modeled after the esteemed Greek alphabet, but
Byblos, Tyre, and Sidon. These city states were established for trade and
aided greatly in the cultural diffusion of their technology. They used the
many ways, this set them far ahead of another country. It was rumored that
the Phoenicians traded with the British and made the journey around Africa
Towards the end of the 12th century, in the wastes of the Mongolian
steppes to the north of China, The course of history would soon change. The
Nomadic tribesmen who had produced such fearsome warriors, such as the
Huns, were coming together under a great Mongolian leader. His name was
Genghis Khan.
Genghis Khan and his powerful army of Mongol horseman spilled out of
the Eastern steppe and overran the surrounding territory in all directions.
The Mongols first attacked Beijing, then turned west and attacked the Silk
Road city of Merv. They massacred its 700,000 inhabitants. Soon their
power spread from China and into Afghanistan, much of the Middle East, and
Communication was vital. For the first and last time, almost the entire
length of the Silk Road was ruled by one power, under what has become
known as Pax Mongolica. The Mongols even establish what are known as the
Golden Horde cities along the European end of its path, which was filled
with craftsman. With much of Asia now under Mongol rule and European
trade expanding, the most famous of all European travels to the east occurs,
Africa. These third world areas were used to bartering and primal ideation,
but this trade system has proved them full of resources and man-power. The
trade kick started the economies of many very poor countries, and the man-
They traded very specialized goods, fit to the climate and the economy
of the area it was made in. Soon, the countries see this possibility, and begin
to take advantage of it, and take over. This spread cultures and traditions
throughout Africa.
The Swahili Coast of Africa was the home to many diffused products,
cultures and traditions close to the Indian Ocean. These ideas were moved
through the Indian Ocean trade network. This network allowed for easy trade
and use of new inventions for sailing. The compass aided sailors in
navigation, and the Lateen Sail helped them be more precise with directions.
life. The evidence of the interactions between these countries still turn up
today.
Fifth Journal Entry: January 25th
Europe's economy before trade and Gutenberg was based off of their
system of feudalism. This was the distribution of land by the king, for many
at this time. This relied completely on agriculture and the three-field system.
Trade later caused agriculture to die down, and sped up the process of
invention of the printing press allowed for the mass production of books,
paper, and communication, which also centered the population towards the
cities.
In the city, the people carried out the commercial revolution from the
13th century to the 18th century. The revolution created factories and more
culture, humans (slaves), technology, and ideas between the new and old
world in the 15th and 16th centuries. It was related closely to the European
Similarly, and soon after this, was the Atlantic slave trade, the largest
century economy. The triangular trade system was the system of the
Columbian exchange through North Africa, South America and Europe. Slaves
in Africa would travel the middle passage. The compass charted direction but
a group of innovative farmers who had enclosures using crop rotation. Then
trade began and these farmers sold and traded different supplies they
needed. This was the breaking point. At first there was lots of laissez-faire
attitude and not much stress, however, trade increased stocks. Most of the
middle class took over the businesses and really took advantage of trade.
of trade and see what they could sell to receive a valuable resource in return.
Then trade became more valuable, and peoples education about the topic
only grew. They knew about factors of production now, because that was
Adam Smith and Karl Marx both wrote about capitalism, in which
However, they came to very different conclusions about how the economy
economics, and Carl Marx is considered one of the most important social and
economic thinkers of all time. Adam Smith argues that the most efficient
they want and charge the consumer any price they see fit. The idea is that
this System will work because each person will try to maximize his or her
amount of oil each country can trade. For most of the rest of these resources,
the idea of Global Warming. This theory has caused the Kyoto Treaty, which
and reduce conflict worldwide. The globalization of trade and rights through
platforms like the internet, has created many efforts to connect and make life