Quick Answer: When was the Indian Ocean commercial network?

The Indian Ocean Trade began with small trading settlements around 800 A.D., and declined in the 1500’s when Portugal invaded and tried to run the trade for its own profit. As trade intensified between Africa and Asia, prosperous city-states flourished along the eastern coast of Africa.

What was the Indian Ocean commercial network?

Indian Ocean commercial network: The massive, interconnected web of commerce in premodern times between the lands that bordered on the Indian Ocean (including East Asia, India, and Southeast Asia); the network was badly disrupted by Portuguese intrusion beginning around 1500.

Why was the Indian Ocean Commercial network important?

Terms in this set (10) SIGNIFICANCE: Spread diseases and created more conflicts, but mostly, it linked cultures, spread new religions, increased trading skills, and increased economic growth in several different regions of the world. It also united the outer world.

What is gold Monopoly definition world history?

Term used to describe the furs in the fur trade. Since they were so valuable they called them “soft gold” Trading Post Empire. Form of imperial dominance based on control of trade rather than on control of subjected peoples.

IMPORTANT:  How do Indians address their father?

What was the silver drain?

The Silver Drain was the concept of how most of the silver in late 1500’s to early 1600’s ended up in China. … The major factors that contributed to the global silver trade between 1550 and 1800 were competition for power, increasing demand for Asian goods, and prevalence of currency.

When did Indian Ocean trade end?

The Indian Ocean Trade began with small trading settlements around 800 A.D., and declined in the 1500’s when Portugal invaded and tried to run the trade for its own profit.

How did Islam affect Indian Ocean trade?

During the Muslim period, in which the Muslims had dominated the trade across the Indian Ocean, the Gujaratis were bringing spices from the Moluccas as well as silk from China, in exchange for manufactured items such as textiles, and then selling them to the Egyptians and Arabs.

What expanded exchange in the Indian Ocean?

Improved commercial practices led to an increased volume of trade and expanded the geographical range of existing trade routes—including the Silk Roads, trans-Saharan trade network, and Indian Ocean—promoting the growth of powerful new trading cities. The Indian Ocean trading network fostered the growth of states.

What did India trade on the Indian Ocean?

I know we tend to think of the Silk Roads and luxury items being sold when we picture trade routes. However, the bulk of actual trade happened on the Indian Ocean. The Indian Ocean traded “regular goods”, in bulk and at a lower cost. … A couple of these goods included timber, frankincense, ivory, and sandalwood.

IMPORTANT:  Your question: What is the English word of Chennai?

What diseases spread on the Indian Ocean trade route?

. David Arnold in ‘The Indian Ocean as a Disease Zone, 1500-1950′ discusses the diffusion of cholera, smallpox, plague and influenza in the Indian Ocean area.

Why is a monopoly bad?

The advantage of monopolies is the assurance of a consistent supply of a commodity that is too expensive to provide in a competitive market. The disadvantages of monopolies include price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.

Is Walmart a monopoly?

Wal-Mart does not qualify to be referred to as a monopoly because it is not the only giant retail chain in the market. Monopolies exist within markets as sole suppliers of products and services. … Wal-Mart is an oligopoly because it exists in an oligopoly market structure.

Why must a monopoly supply a unique product?

Why must a monopoly supply a unique product? If it’s not unique, customers will buy alternative products at lower prices. … Because firms maximize profits by charging higher prices to groups with greater demand.

Magic India