International Trade Is An Important Part Of Today 's Economics

1418 Words May 9th, 2016 6 Pages
International trade is an important part of today’s economics. Everything we use today from our phones, our cars, our clothes and even the food we eat is because of international trade. America is dependent on global trade; in fact they are the world’s second largest importer. Main imports are: capital goods, which is 29% and consumer goods that is 26% ( Trade is extremely important in The United States. Imports in the US reached an all-time high of 240524 USD Million in December of 2014 and a record low of 577 USD Million in March of 1950 ( As you can see, The United States deeply depends on outside resources, even though we are highly developed country. If you were to go back thousands of years ago, imagine how much different your country would be without the global trading systems we have today.
Trade originated with human communication in prehistoric times. Trading was the main facility of prehistoric people, who bartered goods and services from each other before the innovation of modern-day currency (Watson, Peter 2005). Trading between countries has been happening for ages. Trading around the globe effected how religion, culture and resources were distributed throughout the ancient times. Northern Africa and China, in Eastern Asia, had major roles and much experience when it came to trading in ancient times. While the Chinese and people of Africa were trading, the Mayans and the Aztecs were also trading with each other. The…

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