Trading post

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A factory at Bathurst (Gambia) around 1900 Trading post Bathrust (Gambia) 1900.jpg
A factory at Bathurst (Gambia) around 1900
A recreation of a typical trading post for trade with the Plains Indians Tradingpostguy.JPG
A recreation of a typical trading post for trade with the Plains Indians

A trading post, trading station, or trading house, also known as a factory, is an establishment or settlement where goods and services could be traded.

Contents

Typically the location of the trading post would allow people from one geographic area to trade in goods produced in another area. In some examples, local inhabitants could use a trading post to exchange local products for goods they wished to acquire. [1]

Examples

Major towns in the Hanseatic League were known as kontors , a form of trading posts. [2]

Charax Spasinu was a trading post between the Roman and Parthian Empires. [3]

Manhattan and Singapore were both established as trading posts, by Dutchman Peter Minuit and Englishman Stamford Raffles respectively, and later developed into major settlements. [4] [5]

Other uses

See also

Related Research Articles

<span class="mw-page-title-main">Hanseatic League</span> 1200s–1669 trade confederation in Northern Europe

The Hanseatic League was a medieval commercial and defensive confederation of merchant guilds and market towns in Central and Northern Europe. Growing from a few North German towns in the late 12th century, the League ultimately encompassed nearly 200 settlements across seven modern-day countries; at its height between the 13th and 15th centuries, it stretched from the Netherlands in the west to Russia in the east, and from Estonia in the north to Kraków, Poland in the south.

<span class="mw-page-title-main">Merchant</span> Businessperson who trades in commodities that were produced by others

A merchant is a person who trades in commodities produced by other people, especially one who trades with foreign countries. Historically, a merchant is anyone who is involved in business or trade. Merchants have operated for as long as industry, commerce, and trade have existed. In 16th-century Europe, two different terms for merchants emerged: meerseniers referred to local traders and koopman referred to merchants who operated on a global stage, importing and exporting goods over vast distances and offering added-value services such as credit and finance.

<span class="mw-page-title-main">Trade</span> Exchange of goods and services

Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.

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<span class="mw-page-title-main">Strait of Malacca</span> Strait between the Malay Peninsula and the Indonesian island of Sumatra

The Strait of Malacca is a narrow stretch of water, 500 mi long and from 40 to 155 mi wide, between the Malay Peninsula to the northeast and the Indonesian island of Sumatra to the southwest, connecting the Andaman Sea and the South China Sea. As the main shipping channel between the Indian and Pacific oceans, it is one of the most important shipping lanes in the world. It is named after the Malacca Sultanate that ruled over the strait between 1400 and 1511, the center of administration of which was located in the modern-day state of Malacca, Malaysia.

A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade.

<span class="mw-page-title-main">Bazaar</span> Type of public marketplace

A bazaar or souk is a marketplace consisting of multiple small stalls or shops, especially in the Middle East, Northeast Africa, and India. However temporary open markets elsewhere, such as in the West might also designate themselves to be bazaars. The ones in the Middle East were traditionally located in vaulted or covered streets that had doors on each end and served as a city's central marketplace. Street markets are the European and North American equivalents.

<span class="mw-page-title-main">Trade route</span> Series of roads, pathways and stoppages for commercial trade on land; excludes rail

A trade route is a logistical network identified as a series of pathways and stoppages used for the commercial transport of cargo. The term can also be used to refer to trade over bodies of water. Allowing goods to reach distant markets, a single trade route contains long-distance arteries, which may further be connected to smaller networks of commercial and noncommercial transportation routes. Among notable trade routes was the Amber Road, which served as a dependable network for long-distance trade. Maritime trade along the Spice Route became prominent during the Middle Ages, when nations resorted to military means for control of this influential route. During the Middle Ages, organizations such as the Hanseatic League, aimed at protecting interests of the merchants and trade became increasingly prominent.

The economy of Asia comprises more than 4.5 billion people living in 49 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms, starting from the Japanese economic miracle (1950–1990), Miracle on the Han River (1961–1996) in South Korea, economic boom (1978–2013) in China, Tiger Cub Economies (1990–present) in Indonesia, Malaysia, Thailand, Philippines, and Vietnam, and economic boom in India (1991–present).

<span class="mw-page-title-main">Port of Singapore</span> Port in Singapore

The Port of Singapore refers to the collective facilities and terminals that conduct maritime trade and handles Singapore's harbours and shipping. It has been ranked as the top maritime capital of the world since 2015. Currently the world's second-busiest port in terms of total shipping tonnage, it also transships a third of the world's shipping containers, half of the world's annual supply of crude oil, and is the world's busiest transshipment port. It had also been the busiest port in terms of total cargo tonnage handled until 2005 when it was surpassed by the Port of Shanghai.

The Skåne Market or Scania market was a major fish market for herring which took place annually in Scania during the Middle Ages. From around 1200, it became one of the most important events for trade around the Baltic Sea and made Scania into a major distribution center for West-European goods bound for eastern Scandinavia. The Scania Market continued to be an important trade center for 250 years and was a cornerstone of the Hanseatic League's wealth.

<span class="mw-page-title-main">Thirteen Factories</span> Area of Guangzhou, China, c. 1684 to 1856

The Thirteen Factories, also known as the Canton Factories, was a neighbourhood along the Pearl River in southwestern Guangzhou (Canton) in the Qing Empire from c. 1684 to 1856 around modern day Xiguan, in Guangzhou's Liwan District. These warehouses and stores were the principal and sole legal site of most Western trade with China from 1757 to 1842. The factories were destroyed by fire in 1822 by accident, in 1841 amid the First Opium War, and in 1856 at the onset of the Second Opium War. The factories' importance diminished after the opening of the treaty ports and the end of the Canton System under the terms of the 1842 Anglo-Chinese Treaty of Nanking. After the Second Opium War, the factories were not rebuilt at their former site south of Guangzhou's old walled city but moved, first to Henan Island across the Pearl River and then to Shamian Island south of Guangzhou's western suburbs. Their former site is now part of Guangzhou Cultural Park.

<span class="mw-page-title-main">Kontor</span> Foreign trading post of the Hanseatic League

A kontor was a foreign trading post of the Hanseatic League.

Mercery (from French mercerie, meaning "habderdashery" or "haberdashery" initially referred to silk, linen and fustian textiles among various other piece goods imported to England in the 12th century. Eventually, the term evolved to refer to a merchant or trader of textile goods, especially imported textile goods, particularly in England. A merchant would be known as a mercer, and the profession as mercery.

<span class="mw-page-title-main">Factory (trading post)</span> Transshipment zone (5th- to 19th-century name)

Factory was the common name during the medieval and early modern eras for an entrepôt – which was essentially an early form of free-trade zone or transshipment point. At a factory, local inhabitants could interact with foreign merchants, often known as factors. First established in Europe, factories eventually spread to many other parts of the world. The origin of the word factory is from Latin factorium 'place of doers, makers'.

<span class="mw-page-title-main">Timboon</span> Town in Victoria, Australia

Timboon is a town in the Western District of Victoria, Australia. The town is in the Shire of Corangamite local government area, and is approximately 213 kilometres (132 mi) south-west of the state capital, Melbourne. At the 2001 census, Timboon had a population of 787. At the 2006 census, Timboon had a population of 871. During the 2016 census Timboon had a population of 1,202.

<span class="mw-page-title-main">Economic history of Europe (1000 AD–present)</span>

This article covers the Economic history of Europe from about 1000 AD to the present. For the context, see History of Europe.

<span class="mw-page-title-main">History of Indian influence on Southeast Asia</span> Aspect of history

Southeast Asia was in the Indian sphere of cultural influence from 290 BCE to the 15th century CE, when Hindu-Buddhist influences were incorporated into local political systems. Kingdoms in the southeast coast of the Indian Subcontinent had established trade, cultural and political relations with Southeast Asian kingdoms in Burma, Thailand, Indonesia, Malay Peninsula, Philippines, Cambodia and Champa. This led to the Indianisation and Sanskritisation of Southeast Asia within the Indosphere, Southeast Asian polities were the Indianised Hindu-Buddhist Mandala.

While the Vikings are perhaps best known for accumulating wealth by plunder, tribute, and conquest, they were also skilled and successful traders. The Vikings developed several trading centres both in Scandinavia and abroad as well as a series of long-distance trading routes during the Viking Age. Viking trading centres and trade routes would bring tremendous wealth and plenty of exotic goods such as Arab coins, Chinese Silks, and Indian Gems. Vikings also established a "bullion economy" in which weighed silver, and to a lesser extent gold, was used as a means of exchange. Evidence for the centrality of trade and economy can be found in the criminal archaeological record through evidence of theft, counterfeit coins, and smuggling. The Viking economy and trade network also effectively helped rebuild the European economy after the fall of the Roman Empire.

Baltic maritime trade began in the Late Middle Ages and would continue to develop into the early modern period. During this time, ships carrying goods from the Baltic and North Sea passed along the Øresund, or the Sound, connecting areas like the Gulf of Finland to the Skagerrak. Over a period of 400 years, maritime powers in the east and west struggled to control these markets and the trade routes between them. The Baltic trading system of this era can be explained as beginning with the Hanseatic League and ending with the Great Nordic War.

References

  1. Trading post; Factory - Webster's Encyclopedic Unabridged Dictionary of the English Language, 1989
  2. BBC News https://www.bbc.co.uk/news/extra/A2MFANtn3Z/hanseatic_league
  3. Metropolitan Museum of Art, https://www.metmuseum.org/toah/hd/silk/hd_silk.htm
  4. Matt Soniak (October 2, 2012). "Was Manhattan Really Bought for $24?". Mental Floss. Archived from the original on February 12, 2020. Retrieved May 11, 2020.
  5. Mun Cheong Yong; V. V. Bhanoji Rao (1995). Singapore-India Relations: A Primer. NUS Press. p. 3. ISBN   978-9971-69-195-0.
  6. Norfolk Scout Shop, accessed 10 February 2022
  7. Online Scout Manager, Trading Post - Cubs, accessed 10 February 2022
  8. New York Institute of Finance, Trading post, accessed 10 February 2022