World Trade Routes Europe Silk Road Persian Gulf Mediterranean Red Sea

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Presentation transcript:

World Trade Routes Europe Silk Road Persian Gulf Mediterranean Red Sea Trans-Saharan Indian Ocean I, II, III

Paper money – Song China Revitalized Silk Road Expanded military presence to the west Introduction of “Flying Money” (credit), deposit shops (banks), paper money, and guilds Construction of Grand Canal Industrial revolution Paper money – Song China

The Silk Road

Salt slabs to be traded for gold Establishment of Trans-Saharan trade route (gold-salt) Spread of Islam into sub-Saharan Africa Rise of Timbuktu and Jenne as trade cities Use of Niger River Salt slabs to be traded for gold

Market in medieval Paris Early medieval period Most trade local Lack of coins Political instability – invasions by Vikings, Muslims, Magyars Market in medieval Paris

Medieval European Farmers Middle Ages Agricultural advances = population growth = rise of towns = rise of trade and merchant / artisan classes Regional fairs Medieval European Farmers

Development of capital and banks Development of Guilds Development of capital and banks Rise of Flanders European Guilds

Rise of Hanseatic League Trade union of Northern European city-states (over 100 cities joined) Fight off pirates, other states, create trade monopoly Resulted in large middle-class Set precedent for large trade operations later used by Dutch and English

European Trade

Hanseatic League

Location astride major trade routes State regulated silk trade (silkworms stolen from China) Trade concessions to foreigners Trade competition with Venice and other Italian city-states Constantinople

Aztecs Incas Long-distance trade under special group Tribute redistribution inhibited development of true markets Incas Little to no long-distance trade Tribute and self-sufficiency inhibited development of markets

Included Swahili coast (East Africa), Red Sea, Persian Gulf, India, Southeast Asia, and East Asia (China) Dependence on monsoon winds Spice trade Use of “circuits” or “zones” – rules of transport Role of Arabs (Islam) and Portuguese

Byzantines – location, location, location Dominance of Italian city-states (Venice and Genoa) Muslims Impact of crusades Black Sea / Russia - Vikings

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