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Some shops bought goods from the traveling merchants. [2] Some of the first caravans on the Silk Road were sent out by Emperor Wu of Han in the 2nd century BCE, when this vast network of roads was 'born' and as China began exporting large quantities of silk and other goods west, particularly destined for the Roman Empire. [3]
To solve this problem, Pingyao merchants introduced the use of paper remittancesor bonds, in order to relieve traveling merchants from carrying gold and silver, making travel much safer. Pingyao being a conduit for trade in China led to skyrocketing wealth among many families including the Qiao family (mentioned in architecture section).
Some of the cities provided by Ptolemy either: no longer exist today or have moved to different locations. Nevertheless, Ptolemy has provided an important historical reference for researchers. (This list has been alphabetized.) Africa. East Africa – Akhmim, Aromaton Emporion, Axum, Coloe, Dongola, Juba, Maji, Opone, Panopolis, Sarapion, Sennar.
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[2] [3] His travels are recorded in The Travels of Marco Polo (also known as Book of the Marvels of the World and Il Milione, c. 1300), a book that described the then-mysterious culture and inner workings of the Eastern world, including the wealth and great size of the Mongol Empire and China under the Yuan dynasty, giving Europeans their first ...
As it extended westwards from the ancient commercial centres of China, the overland, intercontinental Silk Road divided into northern and southern routes bypassing the Taklamakan Desert and Lop Nur. Merchants along these routes were involved in "relay trade" in which goods changed "hands many times before reaching their final destinations". [23]
Map of the Tea-Horse route. The Tea Horse Road or Chamadao (simplified Chinese: 茶马道; traditional Chinese: 茶馬道), now generally referred to as the Ancient Tea Horse Road or Chamagudao (simplified Chinese: 茶马古道; traditional Chinese: 茶馬古道) was a network of caravan paths winding through the mountains of Sichuan, Yunnan and Tibet in Southwest China. [1]
Shanxi merchants were among the earliest Chinese businessmen and their history could be traced back to the Spring and Autumn period and the Warring States period.Southern Shanxi first came into commercial prominence due to its proximity to the political and cultural centers of ancient China.