Chapter 19 Trade

DOI: 10.4324/9781003386629-22

The purpose of trade is to obtain goods not available locally.

Trade has developed over thousands of years, based on the simple premise of getting something you need in exchange for something you can supply. Trade expanded to all sorts of products which were not available in the locality, extending to international supply routes such as the Silk Road connecting Europe with China and sea routes bringing spices from India to Europe. There was also the infamous triangular trade, in which trading goods from the UK were taken to Africa and exchanged for slaves, which were then transported to the Americas, with the ships returning to the UK loaded up with items such as rum and sugar. Each of these ...

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