Trade and globalisation in medieval period
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The slave trade remained important to Venice for many centuries. propelled Venice into a period of unprecedented prosperity and 'globalization. ' The events began in the Near East. ... To be even more reductionist: Venetian trade expanded sharply after two exogenous events, those of 969 and 1082.
✤The Medieval period was also a period of great mobility. Trade across continents brought along the inter-mixing of cultures. Rich and powerful trade bodies of South India carried out trade over the whole of the peninsula and beyond South-east Asia. Groups of people travelled long distance in search of opportunity. Some Arab and Jewish merchants were granted special protection for thier religion and were even freed of tax obligations. This is known from inscription of Medieval period. New foods and beverages arrived in the Indian subcontinent, such as potatoes, corn, tea. Expanding trade may have set off political processes, new patterns of competition.