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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.
Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, colonialism, tariffs and subsidies on traded goods to achieve that goal. The policy aims to reduce a possible current account deficit or reach a current account surplus, and it includes measures aimed at accumulating monetary reserves by a positive balance of trade, especially of finished goods. Historically, such policies frequently led to war and motivated colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time.
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.
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600. It was formed to trade in the Indian Ocean region, initially with the East Indies, and later with East Asia. The company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong, and kept trading posts and colonies in the Persian Gulf Residencies. At its peak, the company was the largest corporation in the world, competing with the Dutch East India Company. The HEIC even had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the army of Britain. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since the Roman times.
The Silk Road was a network of Eurasian trade routes active from the second century BCE until the mid-15th century. Spanning over 6,400 kilometers, it played a central role in facilitating economic, cultural, political, and religious interactions between the East and West. First coined in the late 19th century, the name "Silk Road" has fallen into disuse among some modern historians in favor of Silk Routes, which more accurately describes the intricate web of land and sea routes connecting East and Southeast Asia, the Indian subcontinent, Central Asia, the Middle East, East Africa and Europe.
The First Opium War, also known as the Opium War or the Anglo-Chinese War was a series of military engagements fought between Britain and the Qing dynasty between 1839 and 1842. The immediate issue was the Chinese seizure of private opium stocks at Canton to stop the banned opium trade, and threatening the death penalty for future offenders. The British government insisted on the principles of free trade and equal diplomatic recognition among nations, and backed the merchants' demands. The British navy defeated the Chinese using technologically superior ships and weapons, and the British then imposed a treaty that granted territory to Britain and opened trade with China. Twentieth century nationalists considered 1839 the start of a century of humiliation, and many historians considered it the beginning of modern Chinese history.
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant". Few banks today restrict their activities to such a narrow scope.
Triangular trade or triangle trade is trade between three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. It has been used to offset trade imbalances between different regions.
The spice trade involved historical civilizations in Asia, Northeast Africa and Europe. Spices such as cinnamon, cassia, cardamom, ginger, pepper, nutmeg, star anise, clove and turmeric were known and used in antiquity and traded in the Eastern World. These spices found their way into the Near East before the beginning of the Christian era, with fantastic tales hiding their true sources.
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.
Commerce raiding is a form of naval warfare used to destroy or disrupt logistics of the enemy on the open sea by attacking its merchant shipping, rather than engaging its combatants or enforcing a blockade against them.
A merchant ship, merchant vessel, trading vessel, or merchantman is a watercraft that transports cargo or carries passengers for hire. This is in contrast to pleasure craft, which are used for personal recreation, and naval ships, which are used for military purposes.
The Levant Company was an English chartered company formed in 1592. Elizabeth I of England approved its initial charter on 11 September 1592 when the Venice Company (1583) and the Turkey Company (1581) merged, because their charters had expired, as she was anxious to maintain trade and political alliances with the Ottoman Empire. Its initial charter was good for seven years and was granted to Edward Osborne, Richard Staper, Thomas Smith and William Garret with the purpose of regulating English trade with the Ottoman Empire and the Levant. The company remained in continuous existence until being superseded in 1825. A member of the company was known as a Turkey Merchant.
The Canton System served as a means for Qing China to control trade with the West within its own country by focusing all trade on the southern port of Canton. The protectionist policy arose in 1757 as a response to a perceived political and commercial threat from abroad on the part of successive Chinese emperors.
The Old China Trade refers to the early commerce between the Qing Empire and the United States under the Canton System, spanning from shortly after the end of the American Revolutionary War in 1783 to the Treaty of Wanghia in 1844. The Old China Trade represented the beginning of relations between the United States and East Asia, including eventually U.S.–China relations. The maritime fur trade was a major aspect of the Old China Trade, as was illegal trafficking in opium. The trade era overlapped the First Opium War, which resulted from an attempt by China to enforce its prohibition on opium smuggling by Western traders and blockade-runners between 1839–1842.
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.
A hong originally designates both a type of building and a type of Chinese merchant intermediary in Guangzhou, Guangdong, China, in the 18–19th century, specifically during the Canton System period.
Bristol, a port city in south-west England, was involved in the transatlantic slave trade. Bristol's part in the trade was prominent in the 17th and 18th centuries as the city's merchants used their position to gain involvement. It is estimated that over 500,000 enslaved African people were traded by Bristol merchants.
The term Gujarati Muslim is usually used to signify an Indian Muslim from the state of Gujarat in western coast of India. Most Gujarati Muslims have Gujarati language as their mother tongue, but some communities such as the Momin Ansari, Memons, Gujarati Shaikh (Hansotis) and others, have Urdu as their mother tongue. The majority of Gujarati Muslims are Sunni, with a minority of Shi'ite groups.
The Multani belong to Labana community of India who historically specialized in the transport and trade of grain.
References
- ↑ Chalmin, Philippe (1987), Traders and Merchants: Panorama of International Commodity Trading, Taylor & Francis, p. 6, ISBN 9783718604357
- ↑ J. N. Ball (1977), Merchants and Merchandise: The Expansion of Trade in Europe 1500-1630, Croom Helm, pp. 119–121, ISBN 9780312530082
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