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The first form of commerce where made through exchanges
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International exchange of goods started in Egypt, Fenicia, Cartago, Greece and Rome.
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The merchant operated the new commercial relationship figures
Market
Currency
Commodity -
It`s important that there are more exports than imports.
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The policy expands the exchange of goods, focusing on foreign trade
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- Each country specializes in those products where they have greater efficiency which allows them to better use their productive resources and raise the standard of living of their workers.
- Prices tend to be more stable.
- It makes it possible for a country to import those goods whose internal production is not sufficient and not produced.
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The exchange of products was the begining of trade between civilizations, they use to exchange their goods that they considerate with the same value.
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Currency, or money, in a general definition means the exchange of goods. Money is also a unit of account and storing value.
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Throughout the Middle Age, transcontinental trade rutes appears and attempted to get to Europe to satisfy the demand of goods and merchandise.
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Started in England with the economic empire, transforming the production system in different countries
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Before the 19th century, transatlantic crossings between America and Europe were done on sailboats, which was slow and often dangerous. With the steamboats, the crossings became faster and safer.
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Before the nineteenth century transport revolution, consumer goods had to be manufactured near the destination. It was economically unfeasible to transport goods from a distant place.
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1860 and 1870 in the first stage of international trade acquires great intensity and triumphs the great mechanical industry in England with the Industrial Revolution.
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the GAAT was created removing the tariffs through this agreement
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Stability was created and the balance between imports and exports was balanced.
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Canada Mexico and the United States eliminate obstacles in their trade