Discuss the use of new technology that allowed seafaring traders to expand the trade networks and add to overland routes.
Discuss the use of new technology that allowed seafaring traders to expand the trade networks and add to overland routes.
International trade has become more intertwined than it has ever been in the last ten years. Every year, trillions of dollars worth of goods, services, and capital flow around the world. These flows are only going to continue to increase as modern trade becomes more interconnected.
It's been possible for governments and large international corporations to trade massive amounts for centuries, but even thirty years ago it would have been impractical for individuals and small businesses to do so easily, no matter where they were located. These kinds of trades are now a normal part of the modern economic reality that we currently enjoy thanks to technological advances in international shipping and logistics as well as the revolutionary impact of the internet.
Even so, creating such a dynamic and free-flowing trading environment has necessitated a significant investment in time, ambition, and creativity. We'll look at some of the most important trading routes in history to see how this works.
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