Trade in the Ancient World
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The Age of Exploration
ABSS8_ch05.qxd 2/9/07 10:54 AM Page 104 The Age of 5 Exploration FIGURE 5-1 1 This painting of Christopher Columbus arriving in the Americas was done by Louis Prang and Company in 1893. What do you think Columbus might be doing in this painting? 104 Unit 1 Renaissance Europe ABSS8_ch05.qxd 2/9/07 10:54 AM Page 105 WORLDVIEW INQUIRY Geography What factors might motivate a society to venture into unknown regions Knowledge Time beyond its borders? Worldview Economy Beliefs 1492. On a beach on an island in the Caribbean Sea, two Values Society Taino girls were walking in the cool shade of the palm trees eating roasted sweet potatoes. uddenly one of the girls pointed out toward the In This Chapter ocean. The girls could hardly believe their eyes. S Imagine setting out across an Three large strange boats with huge sails were ocean that may or may not con- headed toward the shore. They could hear the tain sea monsters without a map shouts of the people on the boats in the distance. to guide you. Imagine sailing on The girls ran back toward their village to tell the ocean for 96 days with no everyone what they had seen. By the time they idea when you might see land returned to the beach with a crowd of curious again. Imagine being in charge of villagers, the people from the boats had already a group of people who you know landed. They had white skin, furry faces, and were are planning to murder you. -
Merchants and the Origins of Capitalism
Merchants and the Origins of Capitalism Sophus A. Reinert Robert Fredona Working Paper 18-021 Merchants and the Origins of Capitalism Sophus A. Reinert Harvard Business School Robert Fredona Harvard Business School Working Paper 18-021 Copyright © 2017 by Sophus A. Reinert and Robert Fredona Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Merchants and the Origins of Capitalism Sophus A. Reinert and Robert Fredona ABSTRACT: N.S.B. Gras, the father of Business History in the United States, argued that the era of mercantile capitalism was defined by the figure of the “sedentary merchant,” who managed his business from home, using correspondence and intermediaries, in contrast to the earlier “traveling merchant,” who accompanied his own goods to trade fairs. Taking this concept as its point of departure, this essay focuses on the predominantly Italian merchants who controlled the long‐distance East‐West trade of the Mediterranean during the Middle Ages and Renaissance. Until the opening of the Atlantic trade, the Mediterranean was Europe’s most important commercial zone and its trade enriched European civilization and its merchants developed the most important premodern mercantile innovations, from maritime insurance contracts and partnership agreements to the bill of exchange and double‐entry bookkeeping. Emerging from literate and numerate cultures, these merchants left behind an abundance of records that allows us to understand how their companies, especially the largest of them, were organized and managed. -
Retail Industry Audit Technique Guide
Retail Industry Audit Technique Guide NOTE: This guide is current through the publication date. Since changes may have occurred after the publication date that would affect the accuracy of this document, no guarantees are made concerning the technical accuracy after the publication date. All references to code sections are to the Internal Revenue Code (IRC) unless otherwise specified. Publication Date: February 2009 Table of Contents Chapter 1: Description of the Retail Industry ................................................................................................ 5 Purpose for the Audit Technique Guide .................................................................................................... 5 Description of the Retailer ......................................................................................................................... 5 What Retailers Do ..................................................................................................................................... 5 Demographics of the Retail Industry ......................................................................................................... 5 Retail Entities ............................................................................................................................................. 6 Useful Retail Web Sites ............................................................................................................................. 6 Unique General Industry Terminology ...................................................................................................... -
Transforming Food, Drug, and Mass Merchant Retail with AI Table of 04 Executive Summary Contents 06 Why Are We Focused on AI/ML in Retail?
Transforming food, drug, and mass merchant retail with AI Table of 04 Executive summary contents 06 Why are we focused on AI/ML in retail? 07 Chapter 1: the state of retail Waves of change in retail Shifting behaviors and impact on retail Digital transformation and the power of AI/ML 15 Chapter 2: the value of AI/ML Overview of value chain and use cases High-value use cases Value at stake Implementation across retailers, today and in the future High-value use cases for Food, Drug, Mass merchant retailers Personalized promotions (redeemed online) Personalized promotions (redeemed offline/in-store) Loyalty program management Auto-populated and personalized online cart Customer care chatbots Personalized product recommendations Frictionless checkout Shelf-checking Automated task dispatch and in-store execution Picker routing 2 Table of Design to value Assortment optimization contents Pricing optimization Demand Planning Inventory optimization Omni-channel fulfillment optimization Warehousing operations optimization AI-enabled last mile 47 Chapter 3: accelerating delivery of AI/ML Achieved impact Enablers of value Barriers to value Barriers in the future 53 Chapter 4: AI/ML myths and how Google Cloud can help AI/ML myths debunked How Google Cloud can help 3 Executive summary The $15T global retail industry has been rocked with significant waves over the past decade, but the most recent disruption and global health crisis, COVID-19, has caused the biggest shock of all. Within several months, the global pandemic not only amplified differences between retail leaders and laggards, but seriously condensed the timeline available to play ‘catch up’ in digital transformation and e-commerce. -
MERCHANTS and TRADERS a Supply and Demand Game
W 411 MERCHANTS AND TRADERS A Supply and Demand Game Danielle Pleasant, 4-H Extension Agent, Johnson County MANAGEMENT OF APHIDS AND BYD IN TENNESSEE WHEAT 1 Tennessee 4-H Youth Development Merchants and Traders A Supply and Demand Game Skill Level Intermediate Introduction to Content Learner Outcomes This lesson introduces the concepts of The learner will be able to: supply and demand as well as uses key • Model a supply and demand relationship. terms from sixth-grade social studies. The • Model a bartering economic system. barter trading system and scenarios • Build Communication skills. reinforce the importance of commodities and currency used in ancient world Educational Standard(s) Supported history. This lesson explores bartering Social Studies 6.07, 6.18, 6.25, 6.38 from several different periods including Success Indicator Mesopotamian, Greek and Roman times. Learners will be successful if they: Understand a basic supply and demand relationship. Introduction to Methodology Time Needed “Merchants and Traders” is a simulation 45 minutes to 1 hour designed to teach the concepts of a barter trading system as well as supply and Materials List demand. The simulation is set from the Silk, gems, cotton balls, salt, tea bags, time period of approximately 4,000 BC Popsicle sticks, sheep pictures, coins. to 44 BC, which correlates to the ancient Enough for 10 “currency” (gems or coins) for world history curriculum covered under half of group and 10 “commodities” for half the current education standards. of group Author Pleasant, Danielle. 4-H Youth Development Agent, Johnson County. 3 Terms and Concepts Introduction Tips for Engagement Defined in supplemental information • Explain that students can trade as many items as they want at one time but can only trade once per round, just as they can Setting the Stage and Opening Questions buy a cart full of groceries but they will only go through the Begin by asking: checkout once. -
The Traders in Rome's Eastern Commerce
THE TRADERS IN ROME‟S EASTERN COMMERCE THE TRADERS IN ROME‟S EASTERN COMMERCE By KYLE MCLEISTER, B.A. A Thesis Submitted to the School of Graduate Studies in Partial Fulfilment of the Requirements for the Degree Master of Arts McMaster University © Copyright by Kyle McLeister, September 2011 MASTER OF ARTS (2011) McMaster University (Classics) Hamilton, Ontario TITLE: The Traders in Rome‟s Eastern Commerce AUTHOR: Kyle McLeister, B.A. (Honours, University of Toronto) SUPERVISOR: Professor E.W. Haley NUMBER OF PAGES: v, 111 ii Abstract Rome‟s Eastern trade flourished for over two centuries, from reign of Augustus to that of Caracalla, bringing highly valuable goods from India and East Africa to consumers in Rome, and this thesis examines the traders who operated in Egypt and transported goods between the Red Sea and the Mediterranean. Chapter 1 examines the identities of the traders, in terms of ethnicity, wealth, and social standing, and also examines the evidence for the involvement of the imperial family in the Eastern trade, while Chapter 2 analyzes the many different customs dues, transit tolls, and other taxes imposed upon Eastern traders operating in Egypt. Chapter 3 presents an analysis of customs abuses, including the forms of abuses which occurred, legislative attempts to curb abuses, and the frequency of abuses. Chapter 4 investigates the potential for profits in the Eastern trade, taking into consideration the various expenses, such as transport fees and customs dues, incurred in the course of transporting the goods across Egypt, as well as the evidence for the value of Eastern goods at Rome. -
1 the Rise, Persistence and Decline of Merchant Guilds. Re-Thinking The
The Rise, Persistence and Decline of Merchant Guilds. Re-thinking the Comparative Study of Commercial Institutions in Pre-modern Europe Oscar Gelderblom (Utrecht University, [email protected]) Regina Grafe (Northwerstern University, [email protected]) December 2008 Abstract: The importance of merchant guilds for the commercial development of Europe is beyond doubt. However, there is still little agreement as to why they emerged, persisted and ultimately declined between the 11th and 18th centuries. Historical studies have focused on individual cases and idiosyncratic circumstances that restrict severely comparability, while economic approaches based on game or contract theory often impose narrow assumptions on their models which find it hard to deal with two key features of these institutions: in very imperfect markets merchants used more than one institution to solve a given problem while a given institution often addressed more than one problem. In this paper we suggest a new methodological approach that allows us to pursue a comparative analysis without loosing rigour. We assess a new dataset of 185 observations of merchant organisations from four towns 1300-1800 at 50 year intervals. Our model is based on only one assumption: merchants will only delegate control over their dealings if they can expect a positive return from the loss of control. On this basis, we classify our dataset into five ordinal categories of degrees of control delegation. Using maximum likelihood estimation we investigate the probability that merchants, -
The Phoenicians and the Formation of the Western World
Comparative Civilizations Review Volume 78 Number 78 Article 4 4-2018 The Phoenicians and the Formation of the Western World John C. Scott Follow this and additional works at: https://scholarsarchive.byu.edu/ccr Part of the Comparative Literature Commons, History Commons, International and Area Studies Commons, Political Science Commons, and the Sociology Commons Recommended Citation Scott, John C. (2018) "The Phoenicians and the Formation of the Western World," Comparative Civilizations Review: Vol. 78 : No. 78 , Article 4. Available at: https://scholarsarchive.byu.edu/ccr/vol78/iss78/4 This Article is brought to you for free and open access by the Journals at BYU ScholarsArchive. It has been accepted for inclusion in Comparative Civilizations Review by an authorized editor of BYU ScholarsArchive. For more information, please contact [email protected], [email protected]. Scott: The Phoenicians and the Formation of the Western World Comparative Civilizations Review 25 The Phoenicians and the Formation of the Western World1 John C. Scott A small maritime region, Phoenicia lay on the Eastern Mediterranean coast. The Phoenicians, who were Semites, emerged as a distinct Canaanite group around 3200 B.C. Hemmed in by the Lebanon Mountains, their first cities were Byblos, Sidon, Tyre, and Aradus.2 Scholars agree that there are two sources of the Western tradition: Judeo-Christian doctrine and ancient Greek intellectualism. More generally, there is recognition that Western civilization is largely built atop the Near Eastern civilizations of Mesopotamia and Egypt. A basic question arises, however, as to which ancient people specifically prepared the way for the West to develop. While early Aegean cultures are often viewed as the mainspring, assessment of the growing literature reveals that the city-states of Phoenicia stimulated (Bronze Age) and fostered (Iron Age) Western civilization. -
Trading Posts and General Stores
Trading Posts & General Stores South Dakota State Historical Society Education Kit Table of Contents Goals and Materials 1 Teacher Resource 2-7 Photograph List 8-9 Worksheets Crossword Puzzle 10 Crossword Puzzle Key 11 Word Find 12 Word Find Key 13 Word Scramble 14 Word Scramble Key 15 Activities Reading an Object 16-17 Object Identification Sheet 18-21 Harvest Time Math Activity 22-24 Where’s the Nearest Store? Map Reading Activity 25-27 Set Up the Store 28-36 Butter for Barter Churning Butter 37-38 Eggs for Barter Candling Eggs 39-43 Barter Smarter 44-46 Needs and Wants: Shopping at the General Store 47-51 What Does a General Store Look Like? Photo Comparison 52-53 What’s Your Story? Photo Analysis/Creative Writing Activity 54-55 Photographs Photographs 1-12 Trading Posts & General Stores South Dakota State Historical Society Education Kit Goals and Materials Goals Kit users will: • explore the development and history of trading posts and general stores in South Dakota • understand how South Dakotans used trading posts and general stores to meet their needs • gain knowledge and experience in learning from objects Materials This kit contains: (kit 1) 4 rabbit pelts 1 cracker tin 2 muskrat pelts 1 cheese box 1 egg crate 2 dye packs 18 wooden eggs 1 trade toy tomahawk 1 butter churn 3 beaded necklaces 1 wooden crate 1 teddy bear 1 oil lamp 1 cream can 6 Hamlin County maps 1 checkerboard 1 crock 24 checkers 1 measuring cup 4 fabric bolts 1 liniment bottle 1 pair ladies gloves 1 liniment tin 1 black hat 3 spice tins 1 lantern 1 candy tin 1 toy cast-iron pot-bellied stove 1 baking powder tin 6 cast-iron stove pans 1 tea tin 1 washboard 1 coffee can 17 beadwork cardboard cutouts 1 tobacco tin 12 photographs 1 oil can 2 wooden spools 1 pint canning jar 1 piece cheesecloth (for churning butter activity) 1 Trading Posts & General Stores South Dakota State Historical Society Education Kit Trading Posts & General Stores Resource Paper Early Dakotans depended on trading posts, and later general stores, to supply basic needs. -
Perspectives on the Origins of Merchant Capitalism in Europe
Fairfield University DigitalCommons@Fairfield Sociology & Anthropology Faculty Publications Sociology & Anthropology Department Summer 2000 Perspectives on the Origins of Merchant Capitalism in Europe Eric Mielants Fairfield University, [email protected] Follow this and additional works at: https://digitalcommons.fairfield.edu/sociologyandanthropology- facultypubs Copyright 2000 SUNY Binghamton University Archived with the permission of the author and the copyright holder. Peer Reviewed Repository Citation Mielants, Eric, "Perspectives on the Origins of Merchant Capitalism in Europe" (2000). Sociology & Anthropology Faculty Publications. 45. https://digitalcommons.fairfield.edu/sociologyandanthropology-facultypubs/45 Published Citation Mielants, Eric. “Perspectives on the Origins of Merchant Capitalism in Europe” in Review of the Fernand Braudel Center, Vol. 23 (2), Fall 2000, p.229-292. This item has been accepted for inclusion in DigitalCommons@Fairfield by an authorized administrator of DigitalCommons@Fairfield. It is brought to you by DigitalCommons@Fairfield with permission from the rights- holder(s) and is protected by copyright and/or related rights. You are free to use this item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses, you need to obtain permission from the rights-holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/or on the work itself. For more information, please contact [email protected]. -
The Impact of the Silk Road Trade on a Local Community: the Turfan Oasis, 500-800
The Impact of the Silk Road Trade on a Local Community: The Turfan Oasis, 500-800 Valerie HANSEN What was life like for the people who lived along the Silk Road?1 Absorbed by the movement of people, religions, and trade goods, we rarely pause to consider how the long-distance overland caravan trade affected the communities through which it passed. Traders must have frequented inns, religious sites, markets, and financial institutions, we suppose, but in fact we know surprisingly little about the day-to-day functioning of the oasis economies ringing the Taklamakan Desert. For those interested in understanding the Silk Road trade of the Tang dynasty, the Turfan oasis offers the best case study. The century from 640 (the Tang conquest of the independent Gaochang kingdom) to 755 (the Tang withdrawal from Central Asia following the An Lushan rebellion) marks the apogee of the Tang dynasty’s involvement in Central Asia.2 Nearly two thousand documents span the period before Tang rule and continue after 640, when Gaochang was renamed Xizhou 西州.3 1 This paper rests on a foundation of collaborative work done by The Silk Road Project: Reuniting Turfan's Scattered Treasures, of which I was the principal investigator. The Silk Road project brought together a team of twenty-five Chinese and American scholars working in the disciplines of archeology, history, art history, and religious studies. The notes to this paper will cite the work of individual collaborators (particularly Jonathan Karam Skaff), but I would particularly like to thank Wu Zhen 吳震, who wrote a paper for the 1998 conference at Yale (Wu Zhen, 1999). -
The Recent Evolution of Physical Retail Markets: Online Retailing, Big Box ∗ Stores, and the Rise of Restaurants
The Recent Evolution of Physical Retail Markets: Online Retailing, Big Box ∗ Stores, and the Rise of Restaurants Francine Lafontaine and Jagadeesh Sivadasan Ross School of Business, University of Michigan This draft: January 2020 Abstract We examine changes in the retail sector in the US over the period 1999 to 2017. We show that while there were fewer physical stores in 2017 compared to the start of the period (consistent with the widely reported notion of a “retail apocalypse”), other indicators including employment, real sales, real value added and real payroll of brick and mortar retailers had recovered to their pre-Great Recession peaks by 2017. Consistent with anecdotal evidence, we document a negative impact of online commerce on physical retail during this period. In contrast, the growth in big box stores (which slowed in the aggregate after 2009) was positively correlated with the growth of other retail physical activity across counties. We document a striking rise in restaurants (NAICS 722), so that including them in the retail sector (as in the older SIC classification) yields much stronger trends for physical retail activity. We find restaurant growth was positively correlated with growth of other physical retail, so it was not propelled by a reduction in costs induced by the decline of other physical retail. Instead, we find suggestive evidence that two-thirds (one-half) of the growth in restaurant establishments (employment) can be attributed to the relative increase in consumer expenditure share for restaurant food. We briefly summarize emerging trends, and note significant venture capital funding for delivery and other services that may complement traditional physical retail stores.