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This is a timeline of the history of international trade which chronicles notable events that have affected the trade between various countries.. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.
The global silver trade between the Americas, Europe, and China from the sixteenth to nineteenth centuries was a spillover of the Columbian exchange which had a profound effect on the world economy. Many scholars consider the silver trade to mark the beginning of a genuinely global economy , [ 1 ] with one historian noting that silver "went ...
World trade increased by 1% per year from 1500 to 1800, which further led to the first era of globalization. [6] Entering the 18th century, due to new technological breakthroughs world trade started to increase rapidly. The first technological advancement that contributed to this was the steam engine, introduced in the 17th century.
Globalization, since World War II, is partly the result of planning by politicians to break down borders hampering trade. Their work led to the Bretton Woods conference, an agreement by the world's leading politicians to lay down the framework for international commerce and finance, and the founding of several international institutions ...
Economic growth spread to all regions of the world during the twentieth century, when world GDP per capita quintupled. The highest growth occurred in the 1960s during post-war reconstruction. In particular, shipping containers revolutionized trade in the second half of the century, by making it cheaper to transport goods, especially ...
The Portuguese and Spanish use of slavery in Latin America was seen as a lucrative business which ultimately led to internal and external development in gaining economic influence at any cost. The economic pursuits of the Spanish and Portuguese empires ushered in the era of the Atlantic Slave Trade.
The economy of the Roman Empire had been based on money, but after the Empire's fall, money became scarce; power and wealth became strictly land based, and local fiefs were (at least theoretically) self-sufficient. Because trade was dangerous and expensive, there were not many traders, and not much trade.
European overseas expansion led to contact between the Old and New Worlds producing the Columbian exchange. [200] It started the global silver trade and led to direct European involvement in the Chinese porcelain trade. It involved the transfer of goods unique from one hemisphere to another.