The only drawback was that the money had to be an agreement within a community, could have no money sense out of context. For example, if the exchange element of a community were whale teeth, those teeth were worthless outside the community (trade stuff). So a little later came the concept of currency. Currency, now is an element of exchange accepted in an area much more extended than the community itself.
The most common currency was pure gold, although throughout history have also appeared others, such as salt or pepper. Currencies intercontinental trading facilitated greatly. Throughout the Middle Ages, began to emerge a transcontinental trading routes trying meet the high European demand for goods and goods, especially luxury. Among the most famous routes highlights the Silk Road, but there were other important as import routes pepper, salt or dyes.
Therefore, surplus crops began to be exchanged with other objects in which other communities were specialized. Typically these objects were elements for the defense of community (weapons), deposits to transport or store food surpluses (amphoras, etc.), new agricultural tools (hoes metal ...), or even later luxury items (mirrors, earrings, etc).
From the seventeenth century onwards, almost all transatlantic crossings to North America, port of arrival was New York. Soon transatlantic trading New York became the first port in North America, and consequently attracted most of goods and all future transatlantic passenger traffic. New York became the commercial capital of United States (US) and one of most important cities in world.
In addition, most of immigrants who came from Europe to America, arriving in New York, which this city was also the fate of all the famous and rich traveling in luxury cruises as well as poor immigrants, traveling in lower parts ofse boats. Therefore, although transatlantic crossings could be made between any part of Europe and America, it is always assumed that the destination was New York, unless the contrary is indicated.
Before the transport revolution of nineteenth century, consumer goods had to be manufactured near the place of destination. Was uneconomic to transport goods from a remote location. Along with the Industrial Revolution took place a number of innovations in transportation revitalized trading. Now the goods could be manufactured anywhere and be transported to a very inexpensive way to all points of consumption. One of first contributions to transportation revolution was the railroad. Britain was the pioneer in this field, as a result of that, currently has the most dense railway network in world. In Spain first railway line was built in 1840 among populations of Barcelona and Mataro.
The pioneers in this area were money changers operating in annual fairs and basically dedicated to make changes in currency charging a commission. These moneychangers were growing to point that were the great families of European bankers like the Medici, the Fugger and Welser.
Around 1400, the disruption of Mongol Empire, the growth of Ottoman Empire and the end of Byzantine Empire causes all routes of European trading with the East are blocked. The search for new routes, the rise of merchant capitalism and the desire to explore the potential of a global economy in Europe prompted the Age of Discovery.
The most common currency was pure gold, although throughout history have also appeared others, such as salt or pepper. Currencies intercontinental trading facilitated greatly. Throughout the Middle Ages, began to emerge a transcontinental trading routes trying meet the high European demand for goods and goods, especially luxury. Among the most famous routes highlights the Silk Road, but there were other important as import routes pepper, salt or dyes.
Therefore, surplus crops began to be exchanged with other objects in which other communities were specialized. Typically these objects were elements for the defense of community (weapons), deposits to transport or store food surpluses (amphoras, etc.), new agricultural tools (hoes metal ...), or even later luxury items (mirrors, earrings, etc).
From the seventeenth century onwards, almost all transatlantic crossings to North America, port of arrival was New York. Soon transatlantic trading New York became the first port in North America, and consequently attracted most of goods and all future transatlantic passenger traffic. New York became the commercial capital of United States (US) and one of most important cities in world.
In addition, most of immigrants who came from Europe to America, arriving in New York, which this city was also the fate of all the famous and rich traveling in luxury cruises as well as poor immigrants, traveling in lower parts ofse boats. Therefore, although transatlantic crossings could be made between any part of Europe and America, it is always assumed that the destination was New York, unless the contrary is indicated.
Before the transport revolution of nineteenth century, consumer goods had to be manufactured near the place of destination. Was uneconomic to transport goods from a remote location. Along with the Industrial Revolution took place a number of innovations in transportation revitalized trading. Now the goods could be manufactured anywhere and be transported to a very inexpensive way to all points of consumption. One of first contributions to transportation revolution was the railroad. Britain was the pioneer in this field, as a result of that, currently has the most dense railway network in world. In Spain first railway line was built in 1840 among populations of Barcelona and Mataro.
The pioneers in this area were money changers operating in annual fairs and basically dedicated to make changes in currency charging a commission. These moneychangers were growing to point that were the great families of European bankers like the Medici, the Fugger and Welser.
Around 1400, the disruption of Mongol Empire, the growth of Ottoman Empire and the end of Byzantine Empire causes all routes of European trading with the East are blocked. The search for new routes, the rise of merchant capitalism and the desire to explore the potential of a global economy in Europe prompted the Age of Discovery.
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