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How ancient Mediterranean trade thrived through state institutions From around 700 BCE until the first centuries CE, the Mediterranean enjoyed steady economic growth through trade, reaching a level not to be regained until the early modern era. This process of growth coincided with a process of state formation, culminating in the largest state the ancient Mediterranean would ever know, the Roman Empire. Subsequent economic decline coincided with state disintegration. How are the two processes related? In Trade in the Ancient Mediterranean, Taco Terpstra investigates how the organizational structure of trade benefited from state institutions. Although enforcement typically depended on private actors, traders could utilize a public infrastructure, which included not only courts and legal frameworks but also socially cohesive ideologies. Terpstra details how business practices emerged that were based on private order, yet took advantage of public institutions. Focusing on the activity of both private and public economic actors—from Greek city councilors and Ptolemaic officials to long-distance traders and Roman magistrates and financiers—Terpstra illuminates the complex relationship between economic development and state structures in the ancient Mediterranean.
Historians have long argued about the place of trade in classical antiquity: was it the life-blood of a complex, Mediterranean-wide economic system, or a thin veneer on the surface of an underdeveloped agrarian society? Trade underpinned the growth of Athenian and Roman power, helping to supply armies and cities. It furnished the goods that ancient elites needed to maintain their dominance - and yet, those same elites generally regarded trade and traders as a threat to social order. Trade, like the patterns of consumption that determined its development, was implicated in wider debates about politics, morality and the state of society, just as the expansion of trade in the modern world is presented both as the answer to global poverty and as an instrument of exploitation and cultural imperialism. This 2007 book explores the nature and importance of ancient trade, considering its ecological and cultural significance as well as its economic aspects.
This book mixes history on the ancient world with investment ideas for traders involved in financial markets today. It goes through ideas such as measuring risk, whether investors should try to outperform the market, Black Swans and ways of creating appropriate investment targets. It will appeal to professional traders and retail investors.
The trade between peoples of differinf cultures, from the ancient world to the commercial revolution.
Written for high school or beginning undergraduate students, this four-volume reference valiantly attempts to provide a historical framework for the perhaps overly broad concept of world trade. Entry topics were selected on trade organizations, influential people, commodities, events that affected trade, trade routes, navigation, religion, communic
Trade, exchange and commerce touched the lives of everyone in antiquity, especially those who lived in urban areas. Trade, Traders and the Ancient City addresses the nature of exchange and commerce and the effects it had in cities throughout the ancient world, from the Bronze Age Near East to late Roman northern Italy. Trade, Traders and the Ancient City employs the most recent archaeological, papyrological, epigraphic and literary evidence to present an innovative and timely analysis of the importance and influence of trade in the ancient world.
Do civilizations independently invent themselves or are they the result of cultural diffusion? The contributors to this volume do not attempt to provide a definitive answer to this contentious question, one of the most debated issues of the past century. Instead, they shift the focus from theory to reality by presenting empirical evidence on a wide range of cultural phenomena in history and prehistory, thereby demonstrating the processes whereby cultural traits are acquired and modified—the dynamics of transmission and transformation. The range of topics covered in this volume is of extraordinary breadth: the distribution of belt hooks and belts from the steppes to North and Central China; textile exchange in the third millennium B.C.; the spread of bronze metallurgy across Asia; the adaptation of complicated technologies by distant peoples; the mechanisms whereby bronze implements were used to convey political messages in East Asia; the ethnogenesis of the Turks; the complex interrelationships among migratory and settled peoples in western Central Asia during the Bronze Age; the origins of the enigmatic Chinese goddess known as Queen Mother of the West; an account of hunting with trained cheetahs; and the use of abundant botanical and zoological evidence to affirm that the Old World and the New World must have been in contact long before the fifteenth century. Rounding out the volume is a survey of the problem of modernocentrism.
This study of ancient Roman shipping and trade across continents reveals the Roman Empire’s far-reaching impact in the ancient world. In ancient times, large fleets of Roman merchant ships set sail from Egypt on voyages across the Indian Ocean. They sailed from Roman ports on the Red Sea to distant kingdoms on the east coast of Africa and southern Arabia. Many continued their voyages across the ocean to trade with the rich kingdoms of ancient India. Along these routes, the Roman Empire traded bullion for valuable goods, including exotic African products, Arabian incense, and eastern spices. This book examines Roman commerce with Indian kingdoms from the Indus region to the Tamil lands. It investigates contacts between the Roman Empire and powerful African kingdoms, including the Nilotic regime that ruled Meroe and the rising Axumite Realm. Further chapters explore Roman dealings with the Arab kingdoms of southern Arabia, including the Saba-Himyarites and the Hadramaut Regime, which sent caravans along the incense trail to the ancient rock-carved city of Petra. The first book to bring these subjects together in a single comprehensive study, The Roman Empire and the Indian Ocean reveals Rome’s impact on the ancient world and explains how international trade funded the legions that maintained imperial rule.