Trading activities during early times commenced the conduct of different commercial activities, which lead to the development of early civilizations. Trade, as defined during our economics class way back in the secondary and collegiate years, is basically the exchange of goods or services at an approved exchange rate (for instance, you will trade 1 dozen of orange in exchange for a piece of silver coin).
Long before the money, which is now called the “trading medium” for most of the transactions today were introduced, trade is widely conducted and considered to be an integral part of the lives of people in early times. One of the recorded trading activities in history is the expedition that was dispatched by Queen Hapshetsut of Egypt from 1501-1479 B.C. in quest of valuable goods such as myrrh, gold, incense, ebony, and other valuable woods. The expedition arrived on Ethiopia, where the Puntites (the people living in the Ethiopian region), gladly traded their incense, ebony, and other valuable items in exchange for the animal skins, eggs, and several wild animals brought by the Egyptians.
Read full about: "Forex Currency Trading: The 1.5 Trillion Dollar Market"
Monday, October 8, 2007
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