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History of International Trade

  • 300

    Establishment of Roman Egypt

    Establishment of Roman Egypt
    Trade with the Indians was initated by Romans P/S: No specific date was given. Actual time is 30 B.C.
  • Jan 25, 1157

    Securing of trading privileges and market rights in England

    Securing of trading privileges and market rights in England
    The Hanseatic League is a commercial and defensive confederation of merchant guilds and their market towns that dominated trade along the coast of Northern Europe. P/S: Specific date not given.
  • First Dutch expedition that left from Amsterdam for South East Asia

    First Dutch expedition that left from Amsterdam for South East Asia
    P/S: Only month and year given.
  • A Dutch convoy arrived back from East India

    A Dutch convoy arrived back from East India
    Brought back with them 600,000 pounds of spices and other East Indian products P/S: No specific date was given.
  • Dutch East India Company was formed

     Dutch East India Company was formed
    It was the first multinational corporation in the world as well as the first company to issue stocks
  • Japan introduced closed door policy regarding trade

    Japan introduced closed door policy regarding trade
    P/S: No specific date was given.
  • Dutch East India Company went bankrupt

    Dutch East India Company went bankrupt
    Cause: Rise of competitive free trade
  • Grenada's involvement in Spice Trade

    Grenada's involvement in Spice Trade
    P/S: Exact date is not specified
  • Opium War between Britain and China

    Opium War between Britain and China
    Purpose: To overturn the Chinese ban on opium imports
  • Free trade agreement between Britain and France signed

    Free trade agreement between Britain and France signed
    This helped spark other agreements between other countries in Europe
  • Japanese Meiji Restoration

    Japanese Meiji Restoration
    Japan open its borders and quickly industrialize through free trade P/S: The exact date cannot be determined since it is a series of events. It began in the year 1868.
  • Start of the Long Depression

    Start of the Long Depression
    Affects international trade. However, the support for protectionism grew
  • Bretton Woods system signed

    Bretton Woods system signed
    Purpose: to prevent further depressions and wars by setting up a system of rules, institutions, and procedures to regulate the international monetary system
  • General Agreement on Tariffs and Trade was signed into international law

    General Agreement on Tariffs and Trade was signed into international law
  • European Economic Community signed

    European Economic Community signed
    Purpose: to change international trade flows, particularly to restrict imports
  • European Free Trade Association established

    European Free Trade Association established
  • Zangger Committee formed

    Zangger Committee formed
    Zangger Committee only officially formed in 1971. However, there isn't a specific date given. They meet up twice a year in May and October to advise on the interpretation of nuclear goods in relation to international trade and the Nuclear Non-Proliferation Treaty (NPT)
  • OPEC decrease oil supply

    OPEC decrease oil supply
    OPEC raises the Saudi crude export price, and mandate an export cut, plus an Embargo on oil exports to nations allied with Israel in the Arab-Israeli War.
  • Nuclear Suppliers Group created

    Nuclear Suppliers Group created
    Purpose: In order to moderate international trade in nuclear related goods
  • North American Free Trade Agreement takes effect

    North American Free Trade Agreement takes effect
  • World Trade Organization founded to facilitate free trade

    World Trade Organization founded to facilitate free trade
  • Launching of Euro in cash by 12 countries of European Union

    Launching of Euro in cash by 12 countries of European Union
  • Global Financial Crisis begins

    Global Financial Crisis begins
    Cause: seizure in the banking system, announcing that it was ceasing activity in three hedge funds that specialised in US mortgage debt.
  • Lehman Brothers collapses

    Lehman Brothers collapses
    Cause: Lending money at very low rates since the price of oil spiked. However, banks were not paid back, losing billions of dollars.
  • Existence of Assyrian merchant colony

    Existence of Assyrian merchant colony
    Due to the domestication of camels, Arabian nomads were able to travel long distances to trade spices and silk that came from the Far East.
    P/S: I am unable to type 19BC or -1.9; thus, the date is the 19th Century B.C.
  • Guangzhou as China's greatest international seaport

    Guangzhou as China's greatest international seaport
    Time period: during the Tang Dynasty (618-907) P/S: No dates were specify
  • Quanzhou replaced Guangzhou as greatest international seaport

    Quanzhou replaced Guangzhou as greatest international seaport
    Time Period: During the Song Dynasty (960-1279) P/S: No specific dates were given.