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.

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22
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3answers
5k views

When was Silver ever more valuable than Gold?

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"...
28
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3answers
10k views

How did Europeans first acquire gunpowder?

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 ...
20
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4answers
9k views

When and where was salt as valuable as gold?

I have often heard that gold and salt were sometimes considered of equal value. When and where did that occur?
32
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7answers
32k views

Why did China shut itself out of the world in the 15th century?

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 ...
18
votes
2answers
1k views

Has mercantilism ever been successful?

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 ...
21
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3answers
788 views

First evidence for replacement of barter trade by local abstract currency?

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 ...
10
votes
7answers
618 views

First evidence of intercontinental or cross-cultural trade?

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 ...