Globalization In The 1500s

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Throughout history, every civilization in the world needed Business to grow and develop. In the 1500s, world nations such as West Africa, East Asia, and South America began to develop global trading systems. Which transpires to be the earliest time in history where countries all over the world interacted and traded with one another, stimulating economies and administering participating businesses. Business is an essential concept in the modern world and was the sole reason why pre-modern civilizations developed, especially with countries like China.
Business and trade in general, stimulate economies which allow more trading to flow and allows cultures to obtain the resources they usually could not get anywhere unless they traveled far away …show more content…
There are also historians arguing that globalism dates back further, where the Sumer and Indus civilizations traded with one another, benefitting from integrated marketing. Not only was these the trades of material goods, but also a trade of ideas and knowledge which was also the reason why the major religions such as Christianity, Islam, and Buddhism is still popular in today's modern society. European but also, Asian countries overseas, allowing these nations to get silver in exchange for silk. There are also historians arguing that globalism dates back further, where the Sumer and Indus civilizations traded with one another, benefitting from integrated marketing. Not only was these the trades of material goods, but also a trade of ideas and knowledge which was also the reason why the major religions such as Christianity, Islam, and Buddhism is still popular in today's modern society. globalization played a significant role in the development of communities and lifestyles in the pre-modern era taking place from roughly 3,500 PC to 1500 BC this area so the breakthrough new inventions large-scale civilizations governments religion and advanced infrastructures the first large-scale civilizations of our air where the ancient Egyptian …show more content…
Because of this, Asia benefitted heavily trading with Europeans due to their rarity, especially with spices which are comparable to modern day smartphones regarding demand. Since the Europeans tend not to have what Asian countries wanted in exchange for spices, this made spice a very expensive commodity in Asia and Europe, which increased trade production to be able to obtain these rarity goods. With increases in production, means increases in the countries GDP or "Gross Domestic Product." Because of the Asian empires clear dominance in trade around the world, they continued to grow their market and overall wealth which leads to nation expansion, military technology, and increased independence from other countries, this allowed countries like China to focus more on expanding and controlling more land, and because overseas trading was so peaceful at the time, they did not have to focus heavily on military technology. Allowing China to take full advantage of the resources gained from trading and resource collection. China was able to develop a market economy, with a financial state which taxed the economy and spent its revenue into its high yield agriculture which produced a constant surplus. China was able to produce coins for its domestic economy, but due to a shortage of monetary metals, it leads to inflation of these coins, which resulted in the importation of silver
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