BBB4M Chapter 1 Part 2 Marchese
Chapter 1: What is Trade?
Part 2
C2: assess the ways in which political, economic, and geographic factors influence
international business methods and operations.
Assignment: History of Trade /10
With a focus on early trading in Canada and China, answer the following questions.
Hint: 5 marks – 5 points
Canada [5 marks]
1. Describe how the fur trade impacted Canada's early economy and
relationships with Indigenous peoples.
The fur trade had a significant impact on Canada’s early economy.
Fur traders, such as explorers from France and England, conducted
trade with the First Nations such as the Ojibwa and Cree for fur and
food. The furs were shipped back to Europe, where there was a
greater demand for animal products. The fur trade impacted the
creation and establishment of colonies and trading posts by the
French and English, such as the Hudson’s Bay Company and the
North West Company, respectively. The fur trade also impacted
trading relationships between the Europeans and the indigenous
people, which played a crucial role in Canada’s early trade industry.
China [5 marks]
2. Explain the significance of the Silk Road in China's history of trade.
The Silk Road is significant because it facilitated extensive trade by
the Chinese with other international parties. The Silk Road created
significant trading routes for the Chinese, leading to China
becoming one of the leading trading partners. Some of the goods
sought by international traders include silk, which is famous and
valuable. The Silk Road also helps the Chinese trade with other
international parties such as the countries in Central Asia, the
Middle East, and Europe. This facilitated the exchange of goods and
ideas between the Chinese and the other allied nations.
Chapter 1: What is Trade?
Part 2
C2: assess the ways in which political, economic, and geographic factors influence
international business methods and operations.
Assignment: History of Trade /10
With a focus on early trading in Canada and China, answer the following questions.
Hint: 5 marks – 5 points
Canada [5 marks]
1. Describe how the fur trade impacted Canada's early economy and
relationships with Indigenous peoples.
The fur trade had a significant impact on Canada’s early economy.
Fur traders, such as explorers from France and England, conducted
trade with the First Nations such as the Ojibwa and Cree for fur and
food. The furs were shipped back to Europe, where there was a
greater demand for animal products. The fur trade impacted the
creation and establishment of colonies and trading posts by the
French and English, such as the Hudson’s Bay Company and the
North West Company, respectively. The fur trade also impacted
trading relationships between the Europeans and the indigenous
people, which played a crucial role in Canada’s early trade industry.
China [5 marks]
2. Explain the significance of the Silk Road in China's history of trade.
The Silk Road is significant because it facilitated extensive trade by
the Chinese with other international parties. The Silk Road created
significant trading routes for the Chinese, leading to China
becoming one of the leading trading partners. Some of the goods
sought by international traders include silk, which is famous and
valuable. The Silk Road also helps the Chinese trade with other
international parties such as the countries in Central Asia, the
Middle East, and Europe. This facilitated the exchange of goods and
ideas between the Chinese and the other allied nations.
