History of International Trade Quiz

What was the primary purpose of the American slave auction mentioned in the text?

What effect did the Industrial Revolution have on the demand for raw materials?

During the World Wars I and II, what did countries impose for the first time?

What role did organisations like General Agreement for Tariffs and Trade play during the postwar period?

What happened to regions producing primary goods in the later half of the nineteenth century?

What was a common outcome of the American slave auctions mentioned in the text?

What was the main reason for trade being restricted to local markets in ancient times?

Which route is mentioned as an early example of long distance trade connecting Rome to China?

What new form of trade emerged along with the trade of exotic commodities during European colonialism?

Which country abolished slave trade in 1792?

During which centuries was slave trade a lucrative business?

What led to the growth of European commerce during the twelfth and thirteenth century?

American Slave Auctions

The primary purpose was to sell enslaved people to the highest bidder.
It resulted in separation of families and the commodification of human beings.

Industrial Revolution

It increased demand for raw materials like cotton, rubber, and timber.
This demand fueled colonialism and global trade.

World Wars I and II

Countries imposed restrictions on international trade for the first time.

General Agreement for Tariffs and Trade

Organizations like GATT promoted free trade in the postwar period.
They aimed to reduce trade barriers and facilitate global commerce.

Primary Goods Production

Regions producing primary goods faced economic challenges in the latter half of the 19th century.
Unstable prices and competition from industrialized nations were major factors.

Early Trade

Trade in ancient times was restricted to local markets due to limited transportation and communication.
Lack of infrastructure hindered long-distance trade.

Silk Road

The Silk Road was an early example of long-distance trade connecting Rome to China.
It facilitated the exchange of goods and ideas between East and West.

European Colonialism

European colonialism sparked the trade of exotic commodities, including spices, tea, and silk.
This led to the emergence of triangular trade between Europe, Africa, and the Americas.

Abolition of Slave Trade

Great Britain abolished slave trade in 1792.
This marked a significant step towards ending the transatlantic slave trade.

Lucrative Slave Trade

Slave trade was a lucrative business in the 17th, 18th, and 19th centuries.
It fueled the expansion of European empires and economies.

Growth of European Commerce

Increased agricultural production and urbanization led to the growth of European commerce during the 12th and 13th centuries.
Improved transportation and communication networks facilitated trade and economic activity.

Test your knowledge of the history of international trade from ancient times to early trade routes like the Silk Route connecting Rome to China. Learn about the evolution of long-distance trade and the exchange of luxury items.