Banks that practiced these new methods were established by Christians as a part of the Commercial Revolution, which eventually spread through all of the Christian states. Finally, Documents 5 and 6 further show how trade introduced products from different civilizations hundreds of miles away to each other. The first of these two documents shows how Marco Polo brought new ideas from China back home to Europe, such as the idea of using paper money and coal heating. The Columbian Exchange in Document 6 explains how products from the New World were brought to the Old World to create new foods, some of these products including chocolate, tomato, and
Work based assignment.M3.01 Problem solving. Background Jonesco was established in 1967 to manufacture steel mudguards for commercial vehicles. In the mid-1970s the Company began to manufacture plastic mudguards to complement those made from steel. Whilst continuing to manufacture mudguards from steel, the plastic mudguard has rapidly gained prominence in most markets and now accounts for 97% of mudguard sales. The Company has grown continually and in December 1989 moved to a purpose-built 4-acre (16.200m2) site with space for further development and production.
Despite alterations in materials, the original purpose of the Silk Road remained intact throughout the centuries. European items were bartered with Asian traders on the infamous road and vice versa. Asia’s financial economy, specifically that of China, consistently relied heavily on the money from Silk Road trade. In comparison, Europe’s economic status remained supplied by Asian trades. While the basic purpose of the Silk Road remained mostly the same, its’ goods and destinations went through many changes.
Current Business Research Project Paper RES/341 June 26, 2012 Dr. John Olmstead Current Business Research Project Paper In the past, business only stayed within one’s country. Because of the advancement in technologies, there are an increase number of businesses, which sell and buy products and service from oversea companies. This paper will define the purpose of the research read in “Qualitative Methods in International Sales Research: Cross-Cultural Considerations”. It will also investigate the business problem, identify the data collection method, and conclude the results of the research. Define Research Purpose The international sales research is important to the marketing and sales team that works in companies that sell products and services to overseas countries.
Gold and silver were transported to India where merchants transported crops from India to the East African Coast. But, the Columbian Exchange brought new crops and more silver to the Indian Ocean region which provided new types of resources and goods for trade. A change would have been the increased involvement of European traders because they began to colonize and have economic ambitions. For example, Europeans began to open their own trade ports throughout the Indian Ocean region. The Opium trade with China profited the British by having the Opium produced in India and transporting it to China for trade.
The Silk Road was a well-known trading route of ancient Chinese civilization during the Han Dynasty. Many countries traded through it. It was a 7000 mile route that expanded from China, to central Asia, Northern India, and the Roman empires. The Silk Road also connected the Yellow River Valley and the Mediterranean Sea. This trade route showed the interaction between Asia and Europe.
Trade between India and Europe had begun long before the rise of the Roman Empire, but it extended during the first century when sailors figured out patterns of monsoon winds. Commerce between the Mediterranean and the Indian Ocean was widespread and often lucrative. It resulted in the organization of quite a few small trading settlements along the Indian coast. Rome imported ivory, indigo, textiles, precious stones, and pepper from India and silk from China. The Romans occasionally paid cash for these items but also exported silver, wine, perfume, slaves, and glass and cloth from Egypt.
This occurred because of its geographical location, pitted in between Europe and Asia, who both had large economies based on trade. As Islam spread it drew more people into South Asia. With the influx of people, South Asia remained a center of trade in the world market. In 1750, South Asia’s economy was based on trade. This is important because it supported agricultural growth in the region.
The Silk Road began approximately 2,500 years ago and was an extensive trade route that linked many areas of the world together. More specifically this route according to E.E. Kuzmina and Victor H. Mair was between China, the Eurasian Steppe, Central Asia, and Europe, which went on to Byzantine and beyond (p. 1). This Road as Kuzmina and Mair stated, “Was used for transporting silk from China, while in the opposite direction, from Rome and other countries, traders brought to the Celestial Empire glassware, jewelry, and other goods of high aesthetic value” (p. 1). As Kuzmina and Mair also pointed out, the opening of this famous route is usually referred to as “taking place in the second B.C.
AIG charges insurance companies a premium in order to allow them to spread their risk so that they can sell insurance policies and grow more rapidly. In 1968 Maurice “Hank” Greenberg took over as CEO. By the end of the 1980S the company had become the largest underwriter of commercial and industrial coverage in the United States and the leading international insurance company. In the 1990s it was the first foreign insurance organization granted a license in China. AIG purchased American General Corporation in 2001.