History of International Trade
In ancient times, trading goods over long distances was risky, so most trade happened in local markets. People mainly spent their resources on necessities like food and clothing. Only wealthy individuals could afford luxury items like jewelry and expensive clothing, leading to the trade of luxury goods.
The Silk Route was an early example of long-distance trade, connecting Rome to China over a 6,000-kilometer route. Traders transported Chinese silk, Roman wool, precious metals, and other valuable commodities from India, Persia, and Central Asia.
After the Roman Empire fell apart, European commerce grew during the twelfth and thirteenth centuries with the development of ocean-going warships. Trade between Europe and Asia expanded, and the Americas were discovered.
Starting from the fifteenth century, European colonialism began, and along with the trade of exotic commodities, slave trade emerged. Portuguese, Dutch, Spanish, and British traders forcefully transported African natives to the Americas to work on plantations. Slave trade remained profitable for over two hundred years until it was abolished in various countries.
Chapter 8 International Trade| Class 12 Geography Notes
Class 12 Geography Notes: International Trade is an important topic in CBSE Class 12 Geography. These notes are created by subject experts to help students understand the topic easily. These notes cover important concepts like the significance of international trade, different types of trade, and concerns related to it.
With these notes, students can prepare well for their exams and improve their understanding of the subject.