HISTORY OF INTERNATIONAL TRADE TIMELINE

By Lauraca29
  • Neolithic Revolution
    500 BCE

    Neolithic Revolution

    After the Neolithic Revolution, hunter-gatherers evolved into
    sedentary societies that specialized in food crops
  • Trading routes expanded to distant parts
    100

    Trading routes expanded to distant parts

    The Roman Empire managed an extensive network of trade, which bound together Europe, western Asia, and Northern Africa.
  • The collapse of the western part of the Roman Empire
    420

    The collapse of the western part of the Roman Empire

    It brought many of developments to a halt. Long-distance trade continued.
  • 700

    Carolingian Empire

    Europeans started to to import exotic medicines and new drugs developed by Arab pharmacology.
  • The silk Road
    1000

    The silk Road

    The Silk Road was a network of trade routes which linked the regions of the ancient world in commerce.
  • 1492

    The discovery of America

    This event had monumental efects on world history and on long-distance trade.
  • The industrial revolution

    The industrial revolution

  • Paradigms of foreign trade by David Ricardo

  • Latter by Eli Heckscher and Bertil Ohlin

    The latter explained foreign trade by diFerences
    in factor endowments

  • First major revolution in trade theory

  • Second revolution in trade theory

    This time focusing on characteristics of individual firrms and how they engage in international transactions.