Explain how INTERNATIONAL TRADE first started and what has contributed to it being what it is today?

Question

Explain how INTERNATIONAL TRADE first started and what has contributed to it being what it is today?

Answer 1

That a big subject, but its really only foreign trade. One nation has something another nation does not. They find something each has and the other wants and exchange them(barter). I guess the definition of when it first started is when the first nation was born(actually 2 nations) Before that it would be exchanges between individuals, groups, tribes etc. I know in America the first would be Indians, they traded food for rocks to make arrowheads. Some trade also originated as smuggling.

Answer 2

whether the worldwide oil industry is important interior the dollar's fee on the worldwide substitute, different factors besides are effecting the decline interior the money use in worldwide exchanges. a significant undertaking is the commerce deficit the U.S. has with its buying and promoting companions. As U.S. companies sell much less in a foreign country, fewer funds are offered on the distant places funds industry to pay for U.S. made products. yet another massive concern between worldwide investors is the U.S. government's spending deficits. The U.S. is amassing plenty greater debt than it could pay off. This makes different worldwide places question the long term fee of the money they carry. when you consider that oil is the biggest commodity traded on the worldwide industry, the distant places funds utilized in its commerce is important. yet, the usa could look at different techniques than its protection rigidity to help the linked fee of its dollar.