In the Byzantine Empire, trade played a very important role in their economic system. These Romans traded across the revived silk roads and the Mediterranean Sea, which made Constantinople the center of commerce and wealth. Due to their highly developed structure, the Byzantines were able to develop banks and businesses. These advanced practices were integral to the empire’s success. Their agricultural strength was another component that added to the empire’s power.
In 1453, the Ottoman Empire began to block trade routes from Europe to the East. This forced the European countries to search for new trade routes. These new trade routes led from Europe to Africa and the Americas. From 1492 to 1750, the results of new contact between Western Europe, Africa, and the Americas changed all three socially by a development of a middle class within Europe, mass exports of slaves in Africa, and the placement of the encomienda system. Many aspects of the African and American economies remained unchanged by maintaining an agrarian based economy.
Population growth and subsequent increases in economic activity are the catalyst for movement of people to common areas. In the case of Australian, towns & cities emerged as people emigrated from Europe; largely from the UK in the 18th and 19th centuries. Together in population growth, the growth in ideas and innovations lead to new industries and economics. From the time of colonisation, Sydney was a town with an economy based around the maritime industry. As it was located next to an ocean port, manufacturing and trade in commodities was central to its growth.
From the beginning, the Silk Roads were used to transfer goods to and from Europe and Asia. Asia’s economy had always relied on the money from the Silk Road Trade. Europe’s economic status remained fueled by Asian trade. In the beginning, the Silk Road was small but overtime grew to be a necessity. Overall, many things changed along the Silk Road from 200 B.C.E to 1450 C.E, but one thing remained constant: the purpose of the Silk Road.
Chapter 11: Mediterranean Society: The Roman Phase Chapter 11 Reading Questions: 1. What contributions did the Etruscans and the early Roman monarchy make to the Roman republic? The Etruscans built thriving cities and established political and economic alliances between their settlements. They manufactured high-quality bronze and iron goods, and they worked gold and silver into jewelry. They built a fleet and traded actively in the western Mediterranean.
Britain also established companies in India and Africa. Due to the trade between the colonies via the companies, Britain started to generate a large consistent income. Mercantilist policies were introduced shortly after 1680. A factor that led to Britain gaining its reputation and wealth were that it established a strong connection with its merchants. The merchants were happy to trade with Britain as a policy of Britain was to protect its clients.
Judges, priests and other learned men were maintained at the king's costs and charges. It seems in the eastern and western hemispheres of the world that social structure was set up to be very traditional and oriental. However, this provided a booming success in the economy throughout 1100 to 1600 C.E. Economically it seemed that Timbuktu (Document 7) and Chapultepec (Document 5) were doing well financially with their exports whereas London (Document 1) was struggling compared to the two areas previously stated. Outside of the palace in Timbuktu built by an artist from Granada are many shops set up by artificers and merchants.
In the 6th century, Emperor Justinian led a number of conquests in an attempt to capture the former lands of the united Roman Empire. This quest to recapture the lands is a testament to the continuity that existed between Byzantine’s and the former Roman Empire. Additionally, Justinian codified and simplified many former Roman legal codes in order to aid in the administration of the government. Not only did the Eastern Roman Empire continue the legal traditions of Rome, but economically, the Eastern Roman Empire (Byzantium) remained a commercial center as it dominated much of the silk and spice trade in the Mediterranean Sea much like its predecessor brokered the exchange of goods between Asia and Europe or between regions around the Mediterranean. The Byzantine’s represent one of the clearest continuations of classical traditions in the later postclassical era as a Roman emperor sat on a throne in the eastern capitol of Constantinople.
Trade between 8000 BCE and 1750 CE which was a period marked in time by exploration and imperialism, a global economy emerged in which Western Europe through commerce interacted and exchanged goods such as animals, food/spices, and even slaves. In Western Europe, during 8000-600 CE, Europe built and used roads that connected with other civilizations through the Silk Road. The Silk Road was the major trading center through all of Europe. Although, while Western Europe thrived on the trading economy, Eastern Europe went on a different path and traded very little with outside sources due to
Western Europe’s expansion of Atlantic trade, through exploration and colonization, not only improved their own economy, but also the economy of America, through sharing new trade products and crops as well as beginning the slave trade. Western Europe began exploring other parts of the world around the mid-1400s. They first started out with primarily explorers from Portugal and Spain. Some of these people were Christopher Columbus, Francisco