Trade deals with transactions for goods and services. Trade has historically been one of the chief ways in which individuals have interacted with each other. Trade is one of the main ways that countries interact with each other, as well as individuals interact with each other.
These days we pretty much take it as a given that gold is more valuable than silver. The obvious example is the Olympics and other such competitions that give "gold" medals for first place and "silver"...
I know that gunpowder was first invented in China around the 10th century, and it seems that gunpowder likely made its way to Europe via the "Silk Road." However, there doesn't seem to be a ton of ...
I have often heard that gold and salt were sometimes considered of equal value. When and where did that occur?
After a period of maritime explorations (see Zheng He) in the early 15th century, the Ming Dynasty started shutting the Middle Kingdom out of the rest of the world. This of course continued with the ...
Mercantilism, which includes protectionism, industrial policy, capital controls, and other distortions to trade, is generally viewed by economists today as unsound economic policy. An overwhelming ...
What were the first local currency systems in history we have detailed information on? I dont think it was gold/silver or other hard to produce materials. Probably these became more important ...
Probably this happened several times and maybe even failed and broke up in different regions. What hints and proofs do we have of the earliest succesful intercontinental trade relations? I assume ...