What goods were traded on the Indian Ocean trade route?
These included Kilwa, Sofala, Mombasa, Malindi, and others. The city-states traded with inland kingdoms like Great Zimbabwe to obtain gold, ivory, and iron. These materials were then sold to places like India, Southeast Asia, and China. These were Africa’s exports in the Indian Ocean Trade.
What types of products did Asia have that made it valuable in the Indian Ocean trade?
In addition there was trade within Asian waters in textiles, porcelain, precious metals, carpets, perfume, jewellery, horses, timber, salt, raw silk, gold, silver, medicinal herbs and many other commodities.
What was the first thing to be traded?
The first long-distance trade occurred between Mesopotamia and the Indus Valley in Pakistan around 3000 BC, historians believe. Long-distance trade in these early times was limited almost exclusively to luxury goods like spices, textiles and precious metals.
Who started trading?
Long-distance trade routes first appeared in the 3rd millennium BC, by the Sumerians in Mesopotamia when they traded with the Harappan civilization of the Indus Valley. Trading is greatly important to the global economy.
What is the oldest stock?
In 1824 New York Gas Light was listed on the New York Stock Exchange (NYSE), and it holds the record for being the longest listed stock on the NYSE. In the early years of the 20th century the firm expanded into electricity, and in 1936 was renamed the Consolidated Edison Company of New York.
Which is the oldest stock exchange in the world?
Amsterdam
Who is the father of Stock Exchange?
Rakesh Jhunjhunwala
What is the strongest stock market in the world?
The New York Stock Exchange
Which is the biggest stock exchange in Asia?
Shanghai Stock Exchange
What are the top 5 stock markets?
- 1 NYSE 23,328.
- 2 Nasdaq – US 13,002.
- 3 Japan Exchange Group 6,191.
- 4 Shanghai SE 5,106.
- 5 Hong Kong Exchanges 4,899.
- 6 Euronext 4,702.
- 7 London SE Group 4,183 a.
- 8 Shenzhen SE 3,410.