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 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.

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.

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 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.

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.

No one present at the Battle of Cape Lopez off the coast of West Africa in 1722 could have known that they were on the edge of history. This obscure yet fierce naval battle would have a monumental impact on British colonies and the future of slavery in America.

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.

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.

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.

"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

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.

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.

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 this engaging, accessible account, Nadine Akkerman and Pete Langman explore the methods spies actually used in the period, including disguises, invisible inks, and even poisons. Drawing on a vast array of archival sources, they show how understanding the tricks and tools of espionage allows us to reimagine well-known stories such as the Babington and Gunpowder plots.

Whereas for much of human history slavery was somewhat arbitrary, in its later forms, it often had a discriminatory component, typically based on race, ethnicity, nationality, or religion. This distinction shows how the practitioners of slavery justified the practice in terms of ideology, and Slavic people were discriminated against within the Ottoman Empire. Slavs had lived in the lands of today’s Eastern European region for centuries.

Ambassador C. Donald Johnson's The Wealth of a Nation is an authoritative history of the politics of trade in America from the Revolution to the Trump era.

When Hu Jintao, China's then vice president, came to visit the New York Stock Exchange and Ground Zero in 2002, he asked Hank Paulson to be his guide. It was a testament to the pivotal role that Goldman Sachs played in helping China experiment with private enterprise. In Dealing with China, the best-selling author of On the Brink draws on his unprecedented access to both the political and business leaders of modern China to answer several key questions.