1. It’s all about trade (again)
Period 3 Part 1 Notes

2. Improved transportation and commercial practices lead to:
More trade
A wider range of existing trade routes
New Trade routes
State practices to help trade
New trading organizations
State-sponsored projects like the Grand Canal in China

3. Existing Routes Silk road Mediterranean Sea Trans-Saharan
Indian Ocean basin

4. New trading cities Novgorod Timbuktu Swahili city-states Hangzhou
Calicut
Baghdad
Melaka
Venice
Tenochtitlan
Cahokia
Note: New trade routes centering on Mesoamerica and the Andes start!

5. Luxury goods Interregional trade Sophisticated caravan organization
New technologies like: The compass, astrolabe, and larger ship designs
New forms of credit and monetization
Common luxury goods were: silk and cotton textiles, porcelain, spices, precious metals, and gems, slaves, exotic animals

6. New forms of Credit and Monetization
Bills of exchange
Credit
Checks
Banking houses (short form = banks)
Minting of coins by the state
Use of paper money

7. Research question
Find out what allowed the empires below to grow during this period:
China
Byzantine Empire
Caliphates
Mongols
Hanseatic League