Indian Ocean Trade - 2183 Words

| Indian Ocean Trade | Global Trade System beginning in the 1500s | | Kendra Turner-Phillips | 12/8/2009 | | Indian Ocean Trade Global Trade System beginning in the 1500s The Indian Ocean, considered the third largest ocean, is located between Australia and Antarctica. This Ocean is a major sea lane connecting the Middle East, East Asia and Africa with Europe and the Americas. The Ocean is essential because of its location. The location helps to boast the production of trade global around the world. It is rich with resources such as natural oil and marine life. The ships that travel the ocean contain over half the world’s international trade cargo and shipment. The trade system is the way of life for people all over†¦show more content†¦The company was not focused on the political views of the government or politics, the company was focused on making a substantial amount of profit. Under their guidelines from the charter they were able to buy, sell, build trading posts, and make war in order for the company to benefit. The company generated a lot of success by sticking to the strict rules that they set for themselves. The Dutch actual ly did not realize what they were doing. In the first year along the company nearly double the initial investment. Following the success of the English and Dutch merchants, came a group of European people. The new Europeans had a different outlook on the conquest. This people want to remain more centralized. They mainly focused of the southeast side of Asia, which included the Philippines and Indonesia. These people came heavily armed with forces that established imperial regimes. The major focus for these European people was the trade of spices, cloves, nutmeg, and mace. This was all a part of the monopoly to take the spices to the United American Company to help them gain back control of the trading post. During the seventeenth and eighteenth century, some of the Indian merchants decided to trade with Moscow and some other Russians. After the designed a new plan they took their trading business to the western part of Europe. Some of these merchants found their way to parts of Siberia on quest for fur. During this time, fur was become a much need trade item. TheShow MoreRelatedTrade in the Indian Ocean Basin Essay520 Words   |  3 Pages A general idea of the size and variety of trade in the Indian Ocean basin can be formed from the documents provided. Accounts from Fernandez de Figueroa and Duarte Barbosa as well as letters from the English East India Company outline the practice of trade in the Indian Ocean and South Asia from the late 1400s to the mid-1700s. During this time, Western societies had a greater impact on the South Asia societies than vice versa. In the early 1500s, Fernandez de Figueroa reached Sofala, an outpostRead MoreIndian Ocean Is The Epicenter Of The World s Maritime Trade Essay1457 Words   |  6 Pages 36. The IOR with its plethora of resources is the epicenter of the world’s maritime trade. In the present century the posturing of the contending parties over rival claims over maritime resources is therefore becoming increasingly belligerent . The jostling for power which the world is witnessing in the region has given rise to three main contenders India, China and US. Having seen the geopolitics, the economic arena and the maritime security environment it is imperative on us to carry out a systematicRead MoreThe Indian Ocean Trade528 Words   |  2 PagesBetween 650 C.E. and 1450 C.E., trade and interaction in the Indian Ocean was the largest in the world. 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