Trade and Commerce Through History

The video explores the evolution of trade from ancient times to the modern era. It covers early trade routes like the Incense Route and Silk Road, the expansion of Roman and Arab trade, European exploration and colonization, the Industrial Revolution, and the rise of globalization. It concludes with modern trade dynamics and China's new Silk Roads initiative.

Which early trade route was known for transporting spices and incense?

• Silk Road

• Incense Route

• Salt Route

• Amber Road

What significant trade development occurred during the Roman Empire's expansion?

• Discovery of the Americas

• Establishment of Constantinople as a trade hub

• Opening of the Silk Road

• Invention of the steam engine

Which two countries agreed on the Tordesillas meridian to divide new territories?

• Spain and Portugal

• England and France

• Netherlands and Belgium

• Italy and Greece

What was a major consequence of the Age of Exploration for global trade?

• Decline of the Silk Road

• Establishment of the triangular trade

• Discovery of the Suez Canal

• Rise of the Roman Empire

Which canal significantly shortened the maritime route between the Pacific and Atlantic Oceans?

• Kiel Canal

• Erie Canal

• Suez Canal

• Panama Canal

What resource became abundant and cheap after World War II, intensifying global trade?

• Iron

• Oil

• Coal

• Gold

Which country became known as the 'world's factory' due to its rapid economic growth?

• India

• Germany

• Japan

• China

What initiative did China begin in 2013 to secure its economy and increase exports?

• New Silk Roads

• Belt and Road Initiative

• Trans-Pacific Partnership

• European Union

Which technological sector saw a boom in the United States during the 1970s and 1980s?

• Textile

• Electronics and computer technologies

• Automobile

• Agriculture

What is a potential benefit of new maritime routes opening due to climate change?

• Avoidance of taxes from Suez and Panama Canals

• Higher shipping tariffs

• Increased fuel costs

• Longer travel times