Economic Systems. FOUNDATIONS Meso.& Indo-European Trade/irrigation Bronze/Iron Made tools Transportation technology horses.

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Presentation transcript:

Economic Systems

FOUNDATIONS

Meso.& Indo-European Trade/irrigation Bronze/Iron Made tools Transportation technology horses

Nile (Egypt and Nubia) Gold, Ebony & Ivory Exporting African goods Bronze weapons and Chariots Small-scale states Irrigation Network Iron developed over wood New trades (One-liner, cedar wood, punt) Flood Plains Dukes

Indus Cotton textile horse power Caste system Status of gold Copper and Bronze

MesoAmerica and S. America Trade-Jade and Obsidian Cotton textiles Fishing Nets Gold, Silver and Copper Metallurgy

600 BCE-600CE

Persia Standardized coins Built roads Courier system New Linking Roads Ganat Road and Dams Iron Metallurgy Banks Long Distance Trade

China Great Wall Roads-Bridges-Walls State Supervision—Liquor Industry Monopolies of Salt and Iron Pots, Stoves, axes, etc. Military gear Silk textile paper

India Iron Metallurgy Organized businesses Market places Sea transports

Byzantine Complex bureaucracy Rural economy Constantinople= major site of craft Bezant=standard currency

Dar al-Islam Bureaucratic ministries in charge of taxation, finance, coinage, etc. Baghdad is center of banking commerce Paper manufacture Camel caravan Borrowed compass (chinese) Lateen sails (SE Asia) and Astrolabe Banks Sakk Long distance trade surged

China, Korea and Vietnam Grand Canal Economic powerhouse of Eurasia Urbanization “Flying Cash” Chinese influenced Bureaucracy in Vietnam Communities of foreign merchants Marco Polo

Japan Bronze/ Iron metallurgy Equal-field System Chinese style bureaucracy

India Internal trade=self sufficient in staple food Temples Cooperated with merchant guilds Dhows and Junks

Africa Swahili “coasters” Swahili city states Great Zimbabwe organized flow of gold, ivory and slaves

Europe Urbanization Textile production Hanseatic league Bankers issued letters of credit to merchants

Mongols Nomads sought trade on caravan routes Elaborate courier network 4 mongol empires

America and Oceania Mayans:used Cacao as Money Over saw constriction Aztecs: markets (women were prominent there) Incas: low amount of merchants Produced maize and Peppers Oceania exchanged with hunting and gathering societies

Trading Goods China= Porcelain and silk SE Asia= spices India = pepper, gems, pearls, and cotton Arabia and SE Asia= incense and horses E.Africa = gold, ivory, slaves and cotton textiles