Timeline: History of International Trade

300

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

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.

Apr 25, 1595

First Dutch expedition that left from Amsterdam for South East Asia

P/S: Only month and year given.

Jan 25, 1599

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.

Apr 8, 1602

Dutch East India Company was formed

It was the first multinational corporation in the world as well as the first company to issue stocks

Jan 25, 1635

Japan introduced closed door policy regarding trade

P/S: No specific date was given.

Mar 17, 1798

Dutch East India Company went bankrupt

Cause: Rise of competitive free trade

Jan 25, 1815

Grenada's involvement in Spice Trade

P/S: Exact date is not specified

Mar 18, 1839

Opium War between Britain and China

Purpose: To overturn the Chinese ban on opium imports

Jan 23, 1860

Free trade agreement between Britain and France signed

This helped spark other agreements between other countries in Europe

Jan 25, 1868

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.

May 8, 1873

Start of the Long Depression

Affects international trade. However, the support for protectionism grew

Jul 22, 1944

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

Jan 1, 1948

General Agreement on Tariffs and Trade was signed into international law

Mar 25, 1957

European Economic Community signed

Purpose: to change international trade flows, particularly to restrict imports

May 3, 1960

European Free Trade Association established

Mar 5, 1970

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)

Oct 16, 1973

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.

May 18, 1974

Nuclear Suppliers Group created

Purpose: In order to moderate international trade in nuclear related goods

Jan 1, 1994

North American Free Trade Agreement takes effect

Jan 1, 1995

World Trade Organization founded to facilitate free trade

Jan 1, 2002

Launching of Euro in cash by 12 countries of European Union

Aug 9, 2007

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.

Sep 15, 2008

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.

Mar 2, 2022

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.