Cole,+Diep,+Uren,+Woods

=__Intro:__= - International trade has always been a substantial part of the world's commerce, with food and clothes being a common good. - Long ago trade wasn't as popular. Many of the traded goods were silk, gold, and spices. - In the 1500's the largest share of trade was local food crops. - Trade stimulates economic growth. == =//European land trade routes//. N.p., n.d. Web. 18 Apr. 2011. .= =__World Trade: An Historical Analysis:__= - A free market economy is a market in which prices and conditions of trade are completely unregulated Prices would be based only on supply and demand - As long as societies have been around though, they regulate prices for the greater good of society - Governments may regulate certain goods and unrestricted others to expand and limit specific industries - Governments may also put high taxes on some items, and low taxes on others to promote various kinds of trade. A website that might help you understand World trade routes: World Trade routes =World trade2= =__Trade Networks__= - Long distance trade was encouraged over internal trade - Formed Diasporas which were connected commercial trade communities in Africa, Europe, and Asia - Trade Diasporas have been around since as early as 3600 C.E. - Traders were usually descendants of early Diasporas such as the Jews, Greek speaking Egyptians, and Arabs =__Trade in the Americas Before 1500:__= -In the Western hemisphere trade routes developed - The Northern network was in Mexico - Southern networks ran North-South through the pacific to the Andes mountains. - East-West routes linked coastal settlements between South America

== =[|photo source]= =__Trade in the Inca Empire__= - Traded up and down high Mountain tops - In the lower valley they grew: sweet potatoes, white potatoes, squash, beans, chili peppers, peanuts, - In the upper valleys they grew: cereal grains, cocoa, medicine ingredients, and harvested feathers and animal skins - semi-rulers controlled trade in the ecological zones - high land people crafted with lots of gold [|photo source]
 * __Trade in Central America and Mexico:__**

//Mexican Market//. N.p., n.d. Web. 18 Apr. 2011. .

- Cities had many town squares where trade occurred - These squares included barber shops and stores which sold food and drink - The markets met every fifth day and had anywhere from 40 to 50,000 merchants - Traders known as the Pochteca were dedicated to long distance trading and expanded through the 15th century - They traded everything from knives, feathers, animal skins, and herbs - The American Indians had not invented the wheel yet, so everything was carried by mules and humans - The Incas had sail boats and the Mayans had canoes

World Trade Video

__**Review:**__

1. North America had the least extensive network of trade routes by 1500 2. The Aztec government did believe in government regulation of the market place 3. The Aztecs and Mayas did not works cooperatively in a Meso-American trade network 4. The Inca's used the quipu to record significant events and dates. 5. The Mayas dominated the Yucatan peninsula through 900 C.E. 6. Market based economies have not always been apart of the exchange of goods and services 7. In the days of early long distance trade, the most common goods were luxury items 8. Before 1500 C.E. local transactions made up the greatest part of the exchange economy 9. Free market economies can not have benevolent government regulation 10. Diasporas were networks of interconnected commercial communities throughout Africa, Europe, and Asia. 11. In the early societies of Egypt, Mesopotamia, and China, trade was regulated by the government. 12. Due to international connections, foreign merchants in port cities did not occupy central positions in the host society. 13. A functioning free market requires: individuals seeking personal profit, no control of prices of goods, no regulation or demand of goods. 14. The resistance to the globalization to trade started back when the transportation of goods could affect their price depending on their weight and distance traveled. 15. Marco Polo did not arrive in China during the Ming dynasty. 16. The Arab trading zone did not include the Americas by 1500 C.E. 17. The early fifteenth century Incas enhanced their economy with substantial amounts of trade. This trade however was regulated by the government. 18. Ethnically Roman traders made up the majority of traders during the height of the Roman Empire.