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A floating market is a market where goods are sold from boats. Originating in times and places where water transport played an important role in daily life, most floating markets operating today mainly serve as tourist attractions, and are chiefly found in Thailand, Indonesia, Vietnam, Sri Lanka,
Bangladesh, and India. In the past the areas adjacent to the rivers were the first to be populated. Thus, most communities in Thailand were built at the sides of rivers. The waterways served as means of transportation and the center of economic activity, as well. Boats were mainly used for local and regional trade, bringing goods from those that produced to those that could barter and trade. Such ways of life of the riverside communities, especially in the Chao Phraya River Basin, increased the number of floating markets.
Floating markets became the hubs of the communities in the central plain of Thailand for centuries. In the Ayutthaya Period (1350–1767), due to the existence of several adjoining canals that were suitable for trading, they helped to gain popularity for this type of market.
Early in the Rattanakosin Period (1782–1868), this kind of market was still lively with the crowds. Nonetheless, soon after the region grew and Bangkok began to develop, road and rail networks were increasingly constructed in place of the canals. This resulted in people choosing to travel by land instead of by water. Therefore, some of the floating markets were forced to move onto land, some were renovated, and some were closed down.
Originally, the term meaning floating market in Thai, used to be called (Thai: talāt tĥxng nām literally: ("floor of the water market"). Until in the reign of King Vajiravudh (Rama VI), therefore cutting only talat nam.
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