Chinese Ccot

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  • Topic: International trade, Trade, Silk Road
  • Pages : 3 (956 words )
  • Download(s) : 481
  • Published : April 25, 2012
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Global trade patterns and domestic economic affairs was significant to the world. It affects how well the country is running and makes it under control. Global trade patterns and domestic economic affairs has changed and continued in China from 500 to 1750. As time progressed, trade patterns and the economy became sophisticated and prominent. Many people began to depend and on the economic issues. Currency has changed into silver which became a huge demand. Today, the global trade patterns and domestic economic affairs is the way due to history. Due to unfortunate circumstances involved changed in currency and a look of diffusion, Chinese economy shifted a bit. As China developed lost contact with foreign regions and faced different conflicts, they changed trade patterns and domestic affairs. From the time period of 500 to 1750, the change and continuity of the use of Silk Road/Indian Ocean basin, the use of currency, and exporting goods stimulated in the global trade patterns and domestic economic affairs.

China has prospered from the Silk Road from a long period of time. Once the Silk Road was established, it led to establishments of other intricate network of trade routes. It was a trade route across land masses which connected East, South, and Western Asia. Trades on the Silk Road was a significant factor in the development of the great civilizations and it helped lay foundations for the modern world. Many goods such as jewelries, spices, medicines, textiles, and etc were traded. The Silk Road was a source of cultural and economic diffusion between Asian and European societies. The Silk Road was always active and it became very prominent in the later years. However, due to bubonic plague (Black Death) that traveled, many merchants died and got ill. Also, there were many bandits there who stole stuff so many people started to not use the road. Also, soon, the maritime trade got popular so many people got involved in the seafaring trade in the...
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