Practicing Success
Practicing Success
CUET Preparation Today
Which of the following statement (s) is /are not correct about the history of International Trade? |
In ancient times, transporting goods over long distances was risky, hence trade was restricted to local markets. The Silk Route is an early example of long distance trade connecting Rome to Russia – along the 6,000 km route. After the disintegration of the Roman Empire, European commerce grew during twelfth and thirteenth century. With the development of ocean going warships trade between Europe and Asia grew and the Americas were discovered. All of the above |
The Silk Route is an early example of long distance trade connecting Rome to Russia – along the 6,000 km route. |
In ancient times, transporting goods over long distances was risky, hence trade was restricted to local markets. People then spent most of their resources on basic necessities – food and clothes. Only the rich people bought jewellery, costly dresses and this resulted in trade of luxury items. The Silk Route is an early example of long distance trade connecting Rome to China (not Russia) – along the 6,000 km route. After the disintegration of the Roman Empire, European commerce grew during twelfth and thirteenth century. With the development of ocean going warships trade between Europe and Asia grew and the Americas were discovered. |
