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Trading Post
A trading post, trading station, or trading house, also known as a factory, is an establishment or settlement where goods and services could be traded. Typically the location of the trading post would allow people from one geographic area to trade in goods produced in another area. In some examples, local inhabitants could use a trading post to exchange local products for goods they wished to acquire. Examples Major towns in the Hanseatic League were known as '' kontors'', a form of trading posts. Charax Spasinu was a trading post between the Roman and Parthian Empires. Manhattan and Singapore were both established as trading posts, by Dutchman Peter Minuit and Englishman Stamford Raffles respectively, and later developed into major settlements. Other uses * In the context of scouting, trading post usually refers to a camp store in which snacks, craft materials, and general merchandise are sold. "Trading posts" also refers to a cub scout actitivty in which cub teams (or i ...
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Trading Post Bathrust (Gambia) 1900
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other produc ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, s ...
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Panton, Leslie & Company
Panton, Leslie & Company was a company of Scottish merchants active in trading in the Bahamas and with the Native Americans of what is now the Southeastern United States during the late 18th and early 19th centuries. The origins of Panton, Leslie & Company are in the firm Moore and Panton, in Savannah, Georgia, of which William Panton became a partner in 1774. In 1775, the British, who had acquired Florida by the terms of the Treaty of Paris in 1763, chose him to do their trading with the Creeks. He then joined with John Forbes to create Panton and Forbes. Politically, Panton was a loyalist; he was not in favor of American independence. When Britain in 1783 accepted American independence, he had to leave the country, and his property in the United States was confiscated. As a new base for trading with the Native Americans he chose Florida, which was just completing 20 years as a British colony. Its capital, St. Augustine, was not far from Savannah. Panton, Leslie, & Company wa ...
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Entrepôt
An ''entrepôt'' (; ) or transshipment port is a port, city, or trading post where merchandise may be imported, stored, or traded, usually to be exported again. Such cities often sprang up and such ports and trading posts often developed into commercial cities due to the growth and expansion of long-distance trade. These places played a critical role in trade during the days of wind-powered shipping. In modern times customs areas have largely made entrepôts obsolete, but the term is still used to refer to duty-free ports with a high volume of re-export trade. ''Entrepôt'' also means 'warehouse' in modern French, and is derived from the Latin roots 'between' + 'position', literally 'that which is placed between.' Entrepôts had an important role in the early modern period, when mercantile shipping flourished between Europe and its colonial empires in the Americas and Asia. For example, the spice trade to Europe, which necessitated long trade routes, led to a much higher ...
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Karum (trade Post)
Karum ( Akkadian: ''kārum'' "quay, port, commercial district", plural ''kārū'', from Sumerian ''kar'' "fortification (of a harbor), break-water") is the name given to ancient Old Assyrian period trade posts in Anatolia (modern Turkey) from the 20th to 18th centuries BC. The main centre of ''karum'' trading was at the ancient town of Kanesh. Assyrian settlements Early references to ''karu'' come from the Ebla tablets; in particular, a vizier known as Ebrium concluded the earliest treaty fully known to archaeology, known variously as the "Treaty between Ebla and Aššur" or the "Treaty with Abarsal" (scholars have disputed whether the text refers to Aššur or to Abarsal, an unknown location). In either case, the other city contracted to establish ''karu'' in Eblaite territory (Syria), among other things. Sargon the Great (of Akkadia) who likely destroyed Ebla soon afterward, is said in a much-later Hittite account to have invaded Anatolia to punish Nurdaggal, the king of ...
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United States Government Fur Trade Factory System
The United States Government Fur Trade Factory System was a system of government trading without profit with Native Americans that existed between 1795 and 1821. The factory system was set up on the initiative of George Washington who thought it would neutralize the influence of British traders doing business on United States territory. As an honest alternative to private trade it would also further the prestige of the United States among Native Americans. Thomas Jefferson shared Washington's expectations, but was also hoping that leading men of the Indian Nations would go into debt and be forced to cede land to pay it off. Private interests generally criticized the factory system. American Fur Company was hurt by competition from the government's trading houses and began a campaign to have them closed down. In 1821, Senator Benton of Missouri, who stood in a close relationship with that company's owner, John Jacob Astor, started hearings with the aim to abolish the factory sys ...
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Factory (trading Post)
Factory was the common name during the medieval and early modern eras for an entrepôt – which was essentially an early form of free-trade zone or transshipment point. At a factory, local inhabitants could interact with foreign merchants, often known as factors. First established in Europe, factories eventually spread to many other parts of the world. The origin of the word ''factory'' is ( pt, feitoria; nl, factorij; french: factorerie, ). The factories established by European states in Africa, Asia and the Americas from the 15th century onward also tended to be official political dependencies of those states. These have been seen, in retrospect, as the precursors of colonial expansion. A factory could serve simultaneously as market, warehouse, customs, defense and support to navigation exploration, headquarters or ''de facto'' government of local communities. In North America, Europeans began to trade with the natives during the 16th century. Colonists crea ...
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Fur Trade
The fur trade is a worldwide industry dealing in the acquisition and sale of animal fur. Since the establishment of a world fur market in the early modern period, furs of boreal ecosystem, boreal, polar and cold temperate mammalian animals have been the most valued. Historically the trade stimulated the exploration and colonization of Siberia, northern North America, and the South Shetland Islands, South Shetland and South Sandwich Islands. Today the importance of the fur trade has diminished; it is based on pelts produced at fur farms and regulated fur-bearer trapping, but has become controversial. Animal rights organizations oppose the fur trade, citing that animals are brutally killed and sometimes skinned alive. Fur has been replaced in some clothing by synthetic fiber, synthetic imitations, for example, as in ruffs on hoods of parkas. Continental fur trade Russian fur trade Before the European colonization of the Americas, Russia was a major supplier of fur pelts to W ...
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Scouting
Scouting, also known as the Scout Movement, is a worldwide youth Social movement, movement employing the Scout method, a program of informal education with an emphasis on practical outdoor activities, including camping, woodcraft, aquatics, hiking, Backpacking (wilderness), backpacking, and sports. Another widely recognized movement characteristic is the Scout uniform, by intent hiding all differences of social standing in a country and encouraging equality, with neckerchief and campaign hat or comparable headwear. Distinctive uniform insignia include the fleur-de-lis and the trefoil, as well as Scout badge, merit badges and other patches. In 1907, Robert Baden-Powell, 1st Baron Baden-Powell, Robert Baden-Powell, a Lieutenant General in the British Army, held a Brownsea Island Scout camp, Scouting encampment on Brownsea Island in England. Baden-Powell wrote ''Scouting for Boys'' (London, 1908), partly based on his earlier military books. The Scout Movement of both Boy Scouts and ...
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Stamford Raffles
Sir Thomas Stamford Bingley Raffles (5 July 1781 – 5 July 1826) was a British statesman who served as the Lieutenant-Governor of the Dutch East Indies between 1811 and 1816, and Lieutenant-Governor of Bencoolen between 1818 and 1824. He is best known mainly for his founding of modern Singapore and the Straits Settlements also called Malaysia and Brunei. Raffles was heavily involved in the capture of the Indonesian island of Java from the Dutch during the Napoleonic Wars. The running of day-to-day operations on Singapore was mostly done by William Farquhar, but Raffles was the one who got all the credit. He also wrote '' The History of Java'' (1817). Early life Thomas Stamford Bingley Raffles was born on on board the ship ''Ann'', off the coast of Port Morant, Jamaica, to Captain Benjamin Raffles (1739, London – 23 November 1811, Deptford) and Anne Raffles (née Lyde) (1755 – 8 February 1824, London). Benjamin served as a ship master for various ships engaged in th ...
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Peter Minuit
Peter Minuit (between 1580 and 1585 – August 5, 1638) was a Wallonian merchant from Tournai, in present-day Belgium. He was the 3rd Director of the Dutch North American colony of New Netherland from 1626 until 1631, and 3rd Governor of New Netherland. He founded the Swedish colony of New Sweden on the Delaware Peninsula in 1638. Minuit is generally credited with orchestrating the purchase of Manhattan Island for the Dutch East India Company from the Lenape Indians. Manhattan later became the site of the Dutch city of New Amsterdam, and the borough of Manhattan of modern-day New York City. A common account states that Minuit purchased Manhattan for $24 worth of trinkets. A letter written by Dutch merchant Peter Schaghen to directors of the Dutch East India Company stated that Manhattan was purchased for "60 guilders worth of trade", an amount worth ~$1,143 U.S. dollars as of 2020. Biography Early life Peter Minuit was born in Wesel, Germany between 1580 and 1585GOOD, J ...
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