What was the impact of the Indian Ocean trade?
The Indian Ocean trading network fostered the growth of states. In key places along important trade routes, merchants set up diasporic communities where they introduced their own cultural traditions into the indigenous cultures and, in turn, indigenous cultures influenced merchant cultures.
What is the economic importance of Indian Ocean?
With the resurgence of Asia, there has been a tectonic shift of global attention from the West to the East. The waters in the Indian Ocean are rich in oil and minerals, effecting it as an energy heartland both in the supply and demand, hence slowly turning the drivers of global economy towards Asia.
How did trade in the Indian Ocean change over time?
One major change was the increased involvement of the Europeans in the commerce of the Indian Ocean over time. … (one continuity)The Indian Ocean trade was made easier by the monsoon winds that circulated between Asia and the Eastern coast which reduced travel times, and produced favorable wind currents.
How did the Indian Ocean trade network have an impact on the economy and culture of the locations it involved?
Indian Ocean trade networks used ships and therefore could ship more cargo, sold less expensive, necessity products, traded with more locations, more efficient travel times, centered in India.
What is the importance of ocean trade?
The ocean is the trading route for the planet.
Fourteen percent of U.S. counties that are adjacent to the coast produce 45 percent of the nation’s gross domestic product (GDP), with over three million jobs (one in 45) directly dependent on the resources of the oceans and Great Lakes.
What is the importance of Indian Ocean for India give three points?
The Indian Ocean is third largest water body of the world that has vital sea lanes of communication crisscrossing it and which feeds Asia’s largest economies. Around 80 per cent of the world’s seaborne oil trade passes through the choke points of this ocean and therefore it literally connects the east to the west.
What was the most important thing that helped Indian Ocean Trade be reliable and flourish?
One of the reasons Indian Ocean trade took off is that there were a wide range of resources available and a wide range of import needs — from ivory to timber to books to grain. But the most important thing was the wind. The Indian Ocean is home to a set of very special winds called Monsoons.
What are some of the reasons the Indian Ocean Trade took off and was so popular?
What are some of the reasons the Indian Ocean Trade took off and was so popular? They were seasonal and consistent. Monsoons would help carry ships from Africa to India between April and September. They carried ships back from November to February.