Trade History

From the bestselling author of Leviathan comes this sweeping narrative of one of America’s most historically rich industries. Beginning his epic history in the early 1600s, Eric Jay Dolin traces the dramatic rise and fall of the American fur trade industry, from the first Dutch encounters with the Indians to the rise of the conservation movement in the late nineteenth century.

The Mexican drug trade has inspired prejudiced narratives of a war between north and south, White and Brown; between noble cops and vicious kingpins, corrupt politicians and powerful cartels. In this first comprehensive history of the trade, historian Benjamin T. Smith tells the real story of how and why this one-peaceful industry turned violent. He uncovers its origins and explains how this illicit business essentially built modern Mexico, affecting everything from agriculture to medicine to economics - and the country’s all-important relationship with the United States.

Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past 30 years.

The Roman Empire and the Silk Routes investigates the trade routes between Rome and the powerful empires of inner Asia, including the Parthian regime which ruled ancient Persia (Iran). It explores Roman dealings with the Kushan Empire which seized power in Bactria (Afghanistan) and laid claim to the Indus Kingdoms. Further chapters examine the development of Palmyra as a leading caravan city on the edge of Roman Syria and consider trade ventures through the Tarim territories that led Roman merchants to Han China.

This guide will take you on a journey across time, from the late 1400s to the very end of the 19th century, as well as across the globe, from Europe, across Africa, to the American continents. It will tell you the story of human greed and heartlessness toward fellow human beings, and it will lead you through the painful and often macabre voyage of the transatlantic slave trade. You’ll learn why and how the slave trade began, where most of the enslaved people came from and where most of them were shipped to, the European nations that participated in the slave trade, and more.

The term Mexican Drug War misleads. It implies that the ongoing bloodbath, which has now killed well over 100,000 people, is an internal Mexican affair. But this diverts attention from the US role in creating and sustaining the carnage. It's not just that Americans buy drugs from and sell weapons to Mexico's murderous cartels. It's that ever since the US prohibited the use and sale of drugs in the early 1900s, it has pressured Mexico into acting as its border enforcer - with increasingly deadly consequences.

The empires of the ancient Sumerians, Akkadians, Greeks, Romans, and Chinese were underpinned by slavery, where one person could be owned by another, and their obedience and labor were forced by the threat of violence or even death. Some of these people were prisoners captured during wars, some were sold into slavery to pay debts, while others were born into slavery. In many ancient empires, slaves accounted for anything from one-third to half of the total population.

As one of the most potent turning points in the country's modern history, the Opium War has since come to stand for everything that today's China seeks to put behind it. In this dramatic, epic story, award-winning historian Stephen Platt sheds new light on the early attempts by Western traders and missionaries to "open" China even as China's imperial rulers were struggling to manage their country's decline and Confucian scholars grappled with how to use foreign trade to China's advantage.

"The deck, that is the floor of their rooms, was so covered with the blood and mucus which had proceeded from them in consequence of the flux, that it resembled a slaughter-house. It is not in the power of the human imagination to picture a situation more dreadful or disgusting. Numbers of the slaves having fainted, they were carried upon deck where several of them died and the rest with great difficulty were restored. It had nearly proved fatal to me also." - Dr. Alexander Falconbridge, an 18th century British surgeon

With irreverent wit, an engagingly personal style, and a battery of real-life examples, Ha-Joon Chang blasts holes in the "World Is Flat" orthodoxy of Thomas Friedman and other neo-liberal economists who argue that only unfettered capitalism and wide-open international trade can lift struggling nations out of poverty.

Spices drove the early modern world economy, and for Europeans they represented riches on an unprecedented scale. Cloves and nutmeg could reach Europe only via a complex web of trade routes, and for decades Spanish and Portuguese explorers competed to find their elusive source. But when the Portuguese finally reached the spice islands of the Moluccas in 1511, they set in motion a fierce competition for control.

The trade in oil, gas, gems, metals, and rare earth minerals wreaks havoc in Africa. During the years when Brazil, India, China, and the other "emerging markets" have transformed their economies, Africa's resource states remained tethered to the bottom of the industrial supply chain. While Africa accounts for about 30 percent of the world's reserves of hydrocarbons and minerals and 14 percent of the world's population, its share of global manufacturing stood in 2011 exactly where it stood in 2000: at 1 percent.

In 2006, hedge fund manager John Paulson realized something few others suspected - that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall. Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing. He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it. Colleagues at investment banks scoffed at him and investors dismissed him.

At 8:46 a.m. on September 11, 2001, 14,000 people were inside the twin towers; reading e-mails, making trades, eating croissants at Windows on the World. Over the next 102 minutes, each would become part of a drama for the ages, one witnessed only by the people who lived it, until now.

Though the importance of hats is easy to overlook, it was deadly serious in more ways than one, impacting the beavers and birds used to make fashionable hats, the environment of the region, and the people fighting over the resources. Beaver hats put the Dutch, British, and French in conflict, and later the Americans and Canadians.

In an era of grand risk, fur moguls vied to command the northwest and China markets, gambling lives and capital on the price of beaver pelts, purchases of ships and trade goods, international commerce laws, and the effects of war.

In its long and diverse history, trade has promoted communication between countless communities. And it has been concerned with the exchange of countless goods from local markets to national economies. Scientists have found evidence that ancient hunting tribes traded for flint more than 150,000 years ago. Such trade enabled these tribes to gain products they could not make or find in their own territory.

In 1848, the British East India Company, having lost its monopoly on the tea trade, engaged Robert Fortune, a Scottish gardener, botanist, and plant hunter, to make a clandestine trip into the interior of China - territory forbidden to foreigners - to steal the closely guarded secrets of tea horticulture and manufacturing. For All the Tea in China is the remarkable account of Fortune's journeys into China - a thrilling narrative that combines history, geography, botany, natural science, and old-fashioned adventure.

The transatlantic slave trade was founded by the Portuguese in the 15th century for the specific purpose of supplying the New World colonies with African slave labor. It was soon joined by all the major trading powers of Europe, and it reached its peak in the 18th century with the founding and development of plantation economies that ran from the South American mainland through the Caribbean and into the southern states of the United States. The East African Slave Trade, on the other hand, was more complex, far older, and significantly more widespread.

Over the past four decades, China's remarkable transformation has garnered admiration but also sparked concern. George Magnus draws on his intimate knowledge of this dynamic nation to uncover the origins of its ascent and show why the economic traps it faces at home and the political challenges it faces abroad pose a serious threat to its continued rise.