International Trade Dbq Essay

In the 1500’s the world was run on an Independent world, which meant that all countries were depending on their selves. Throughout the early to late 1500’s countries were trading with each other for goods either with money or other goods that other countries were unable to produce themselves. There were trade circles all over the world that trade runners would travel to unload their cargo and stock up products they receive from trade. These countries were trading materials such as gold, sugar, tobacco, and metals, and other raw materials that were valuable. By the 1700 the world was turning more interdependent. In the 1700’s the world switched from independent to interdependent by capitalism that changed the trade industry, which was now controlled by private owners for profit, rather than by the states. Interdependent meant that countries were working together to make and sell products through trade. These countries were out to get rich, by increasing the price of goods and selling them at whole price and trade. The southern countries knew they were the only ones that could grow certain crops so they were selling them for higher prices to make profits. In 1750 the Mercantilist Empire started and put Britain as the number one nation in world trade for sugar, tobacco, and textiles. This lead to

With Standard Oil being the leading oil company, this limits other oil companies to sales because Standard Oil had the rights to many companies to produce and sell oil leaving very few businesses that other oil companies could sell to. This puts the little companies into a decrease in sales while Standard Oil makes a huge increase in sales. Small businesses worry about becoming bankrupt while Rockefeller becomes wealthy. Rockefeller was the reason why there were limits to big businesses because he was in control with oil companies not allowing others to succeed as