CBA 300 Lecture Notes - Lecture 2: Nutmeg
11 Jan 2017
School
Department
Course
Professor
What is International Business History?
• The history of trade & investment among nations or other distinct political/ cultural
entities.
• The history of individuals, families, ethnic group, & companies doing business
internationally.
The Spice Trade
• Valuable spices – pepper, cloves, mace, cinnamon & nutmeg
• Spices come from India & from islands now part of Indonesia
• Romans trade via India (40AD)
• Arabs control trade (ca. 641AD)
• Ottoman Turks stop trade (ca. 1453)
Historic Spice Trade Voyages
• Christopher Columbus (1492)
• Vasco de Gama (1498)
• Ferdinand Magellan (1519-48)
The China trade
• Since Roman times, people have wanted Chinese goods such as silks, & porcelains, The
reached China via the “Silk Road” & by sea
• In the early Ming Dynasty ( 1405 – 33) huge Chinese treasure fleets sailed as far as
Persia & the coast of Africa
• Because of wars & xenophobia, the Ming emperors stopped such expeditions
The Ming Gap
• When China banned private trading in the late 14th century, potteries in Vietnam &
Thailand started exporting throughout SE Asia, By 1573 China had re – established it
dominance.
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
What is international business history: the history of trade & investment among nations or other distinct political/ cultural entities, the history of individuals, families, ethnic group, & companies doing business internationally. The spice trade: valuable spices pepper, cloves, mace, cinnamon & nutmeg, spices come from india & from islands now part of indonesia, romans trade via india (40ad, arabs control trade (ca. Historic spice trade voyages: christopher columbus (1492, vasco de gama (1498, ferdinand magellan (1519-48) The china trade: since roman times, people have wanted chinese goods such as silks, & porcelains, the reached china via the silk road & by sea. In the early ming dynasty ( 1405 33) huge chinese treasure fleets sailed as far as. Persia & the coast of africa: because of wars & xenophobia, the ming emperors stopped such expeditions. The ming gap: when china banned private trading in the late 14th century, potteries in vietnam &
