https://padlet.com/rastegaris/bibyppeoj2m6hpio Made with eyes on the prize en-us 2021-09-27 16:51:32 UTC 2025-10-03 16:49:55 UTC hello@padlet.com rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771916104

Barter system trading started

• Romans and Indians began trading with ships
• Myos Hormos and Berencie were the main trading ports of Roman.

]]> 2021-09-27 17:18:49 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771916104 rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771926061

Song Dynasty was happening and China printed first paper money

Hanseatic League in England introduced trading benefits and marketing rights to better secure their goods

]]> 2021-09-27 17:22:12 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771926061 rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771934544 Japan establish Foreign Trade Licenses to prevent piracy and smuggling.
-Dutch East India Company established in the year of 1602, declared bankruptcy in 1799 because of the rise in competition in free trade.
-The result of the Indian company might have taught other companies to be more aware of Free Trades.]]> 2021-09-27 17:25:06 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771934544 rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771943281 In 1860 Britain and France went on strike over the free trade agreement. The Bretton Woods system was introduced in 1946 with the aim of stopping wars. 
 In 1947, 23 countries signed the General Agreement on Tariffs and Trade to expedite trade between nations.]]> 2021-09-27 17:28:07 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771943281 rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771948807 Foundation of the European Free Trade Association. 
 Four main recommendations of the International Organization for Standardized Standardization in Containers (Containerized Freight Transport) from global.]]> 2021-09-27 17:30:02 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771948807 rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771953409 The World Trade Organization, an intergovernmental organization that deals with trade rules between nations worldwide, was founded. 
 This organization aims to promote free trade between different nations and help improve the quality of international trade so that trade can run smoothly.]]> 2021-09-27 17:31:33 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771953409 rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771958296 The First and Second World Wars led to a decline in international trade and a growing policy of protectionism. 4,444 countries like the US, Argentina and Australia have established a trade barrier with average tariff barriers with Russia, France and Germany. 
 Western Europe's share of world trade fell from 60% (year 1880) to 35% (year 1948)]]> 2021-09-27 17:33:16 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771958296 rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771964279 Cause of the 2008 financial crisis: 
 Banks created too much money 
 They used that money to raise property prices and speculate in financial markets 
 Finally, people's personal debts became invaluable, debts grew faster than income]]> 2021-09-27 17:35:22 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771964279 rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771968529 All countries were affected by the crisis 
 Decrease in exports 
 Rising unemployment leads to falling income In 2009, world trade fell by 4.5%]]> 2021-09-27 17:36:46 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771968529 rastegaris https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771974445 Trade volume increased by almost 20% (mid-2009 to mid-2010), resulting in an economic recovery in 2011: 
 economic slowdown and growth could not be sustained]]> 2021-09-27 17:38:41 UTC https://padlet.com/rastegaris/bibyppeoj2m6hpio/wish/1771974445