History of International Trade

-Trade among Romans and Indians
-Arab nomads travel on camels to trade silk and spices in the Far East
-Egyptians trade with Arabia through the Red Sea
-Tyrian fleet sailed back from the East with ivory, gold and precious stones
-Silk Road that stretches from East to West for trading between China and Western and Middle Eastern countries
-Gerrha controlled Incense trade throughout Arabia to the Mediterranean
-Yemen exports coffee through the Red Sea via the port of al-Mocha

-The eastern side of the Silk Road becomes a major metropolitan centre for international trade, travel and residence
-The Song Dynasty creates the first paper printed money
-Guangzhou was the Tang Dynasty's greatest port, until the Quanzhou port eclipsed over it in the Song Dynasty
-Trading privileges and market rights in England was secured by the Hanseatic League for goods from the League's trading cities

-Vasco da Gama established a sea route from Europe to India
-The Dutch East India Company goes bankrupt
-The Portuguese starting shipping spices to Hormuz
-A Dutch convoy returned from East India with spices after a year long expedition
-Japan introduced a policy to prevent smuggling and piracy

-Shipments of nutmegs arrives at Europe from Sumatra
-Opium War breaks out between the British and China
-The Cobden-Chevalier Treaty is finalised between Britain and France, which sparks of successive agreements between other European contries
-The Weiner Borse slump signals long depression
-The United States begins trading spices successfully with Sumatra

-The Bretton Wood system goes into effect, to prevent wars and depression affecting the international economy
-The European Economic Community is established
-The Nuclear Suppliers Group was created to moderate international trade of nuclear supplies
-WTO is created to facilitate free trade
-12 countries of the EU launch the Euro zone, which is the second most used currency in the world