The Pre-modern World Globalisation

History

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Global trade during the pre-modern world

 For centuries before, the Indian Ocean had known a bustling trade, with goods, people, knowledge, customs, etc. criss-crossing its waters. From the sixteenth century, America's vast lands and abundant crops and minerals began to transform trade and lives everywhere. Precious metals, particularly silver, enhanced Europe's wealth and financed its trade with Asia. The Portuguese and Spanish conquered and colonised America by the mid-sixteenth century. Until the eighteenth century, China and India were among the worlds richest countries. They were also pre-eminent in Asian trade.  Chinas reduced role and the rising importance of the Americas gradually moved the centre of world trade westwards. Europe now emerged as the centre of world trade.