First, let us examine how European rivalry for trade in the Indian ocean affected the Islamic empires. …show more content…
For example, India trade was greatly augmented by European trade which, in effect helped India’s merchants and by extension India’s economy. So much so, that many Indian merchants amassed massive fortunes. The way in which they grew in wealth was through a method called the “domestic” system which would later be adopted by the English. To further emphasize how much trade in India had exploded, Akbar was compelled to launch wide scale road building in order to easier facilitate trade. Similarly, the Armenian merchants of the Safavid Empire greatly benefited form European trade. In particular, was their trade of Persian silk which, was highly sought after. In fact, the Armenian merchants were so adept at long distance trade they were able to auspiciously operate in European dominated