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Lecture islamicempiretrade-101004210131-phpapp01
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Transcript of Lecture islamicempiretrade-101004210131-phpapp01
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ISLAMIC CivilizationISLAMIC Civilization
Economy & tradeEconomy & trade
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The size & strength of the Islamic Empire The size & strength of the Islamic Empire fostered trade!fostered trade!
•There were few borders and relative stability! •Trade was safer and taxed less.
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The Islamic empire took control of . . .
• Mediterranean trade
• part of the Silk Roads
• Muslim merchants gained increasing control of Indian Ocean trade.
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• Both luxury goods & necessities were part of the trade network.– Textiles were an important part of
regional trade and manufacturing– Horses, medicine, paper, and
sugar were important exports
• the Abbasids developed a system in which inspectors worked to keep trade practices fair– weights & measures, etc
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• A single currency became the standard throughout the Islamic Empire during the Abbasid period– The Abbasid dinar
• Banks were set up in cities throughout the Islamic empire.
– Letters of credit (sakks) helped trade
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• The Arabic language helped facilitate trade • The demands on trade also generated
development of crafts. • Merchants continued to hold relatively high
status during this period.