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Economic importance of gold in africa
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As a result of the Gold and Salt Trade, Africa acquired an abundance of food and money which evidently brought forth a material wealth economy. Leon E. Clark, a writer from Praeger Press, New York, believed that Ghana was a country similar to his own. The Arab traders in the area wanted gold and the Wangara wanted salt. Both wanted to trade with each other, however, to do so, they “to pass through Ghana to trade” (Document #2). The government would then tax both groups of people for being on the country’s land. Through this taxation, Ghana flourished, allowing them to use gold for purposes other than currency. The Council of Kumase used the gold to create Pomas, another word for staffs. These staffs each had a Poma symbol on top, one of which
On Wednesday, February 15th, I was able to have the opportunity to listen to Andrew Lipman. Andrew Lipman is the author of The Saltwater Frontier: Indians and the Contest for the American Coast. In the novel, he explained the life of Native Americans living in New England and on the coast of Long Island. During this time, most individuals relied on trading natural resources. In order for profit for the resources, the colonists and Native Americans used wampum. Wampum was used as a sacred gift in Native American culture as a peace offering, funerals and marriages. Colonialists had an advantage towards using wampum. They used beads as a commodity for furs. Native Americans relied on canoes for transportation. Canoes can hold up to fifty people.
“Caravans of Gold”, a video by Basil Davison discovers and highlights numerous assets about gold and its prominent role in Africa. Additionally, the video examines some of the past and influential empires and their achievements. Davison discusses the history of Africa before the arrival of Europeans to demonstrate how Africa was already a well-flourished continent. “Caravans of Gold” also discusses many topics such as the Mali Empire, trading systems, and the use of gold which shows the audience of the video of how Africa was. In the long run, the aim of the video is to give the audience of the video an understanding of how the empires in Africa used its resource of gold to flourish.
After the Second World War, the world was more interesting in oil than ever before. The conflict itself made the countries of the world realize that oil was a serious factor in the quest for power. From this point in history, oil was considered the driving force behind a successful economy and therefore attaining power. Therefore the quest for oil heightened during and after World War II. In the effort to acquire more oil, many countries began to seek out additional locations to drill and this drove the United States to the Middle East. In late 1943 a man named DeGolyer who was a geologist went on a mission to Saudi Arabia to survey the possibility for oil. His mission there concluded that “the oil in this region is the greatest single prize in all history”. With such a conclusion it is not surprising that the United States began extremely concerned with the oil concessions there.
Between the years of 1600 and 1763, the labor systems were transformed to compliment the demand of much needed labor. While the demand for labor stayed consistent throughout Triangular Trade, those who were cursed to endure the burden of labor went through compositional changes. Although slavery has always been seen as a European avocation, the Portuguese actually started the profitable occupation. However, the English quickly replaced the Portuguese as the dominators of the epidemic. The subtle emergence of racism also played a part in the evolving of the labor systems.
Gold is one of the most valuable materials all around the world. This jewel has its own glittering appearance and shiny color which induce people to desire to possess it. That’s probably why Europeans in the middle age have explored new continents and invaded other civilizations to find this glittering material. Americans also had given much endeavor to mine that valuable jewel in the time of gold rush. Investigating these events, gold has immensely affected the world history; the Age of Exploration, invasions of Spaniards, and the development of California.
of men with desires to strike gold, slowed the settlements growth by making gold the
Sugar is something we all have some love for. We know it’s not the best for us, but it’s seems impossible to escape in modern times. Because it is in some many things, we consider the value of it to be very low. But there was a time when the demand and price was way higher than the average person could afford. This time was called the Sugar Trade. It lasted from 1655 to 1833. It was a big time in history as many people became rich. But many factors drove it. But in the main, the three factors that drove the Sugar Trade were the brutal forced labor of slaves to harvest and gather the sugar to spread it to Great Britain, the high demand of sugar that Britain needed to keep the
In documents one and two they explain and evaluate the trading system and routes of the African empires, kingdoms, and cities. Document one shows the layout of the Aksum trade center and the routes which lead to and from it. Aksum is an empire located right by the Red Sea, its location made it an important international trading center. African trade centers mainly focused on the exchanges of salt and gold. Since the red sea ports are controlled by the rea sea and Aksum was located right by it, its locations made it the center of the trade center. However, in document two it describes the trans-Saharan gold and salt trade. The trans-Saharan gold and salt trade was controlled by the rich and powerful Ghana kingdom. The king had shields
In conclusion, during the 15th and 16th centuries Europeans visited the Atlantic Coast in the African states to observe for gold and silvers. They took advantage of the Africans to get their desires when the Africans acknowledged them to be equal which drove into Africa’s downfall.
In the great empires of Africa they developed many things. In the Axum (Aksum) Empire (Ethiopia, in present time) they developed a trade route that stretched of Asia to Africa and back. Document one, states that people in the trade route traveled along the Red Sea. This affected the Axum Empire in many ways. They (Axum people) had gained wealth because it was a great trade point and from it, it was introduced to religions, Christianity and Islam. Another empire is called the Kingdom of Ghana in Western Africa. They became one of the richest civilizations due to commerce. In document two, it states that the amount of wealth was visible because of what the pages were wearing. They had on gold. Even the dogs guarding had on silver and gold.
It seems probable that Fernao Gomes, a Portuguese 'merchant adventurer' discovered the kingdom of Benin in 1474 (Wood, K. 2008, p. 8), seeking trading opportunities and looking for gold. The...
The island of Kilwa, under then ruling of the Shirazi, found a way to control the gold trade. Mogadishu were in control, using Muslim contacts, they arranged for gold dust to be transport from the ‘Land of Sofala,’ to northern markets. Merchants of Kilwa sent ships to Sofala and setup settlements. Buying directly from the interior Africans, Kilwa took over the southern gold trade from Mogadishu by 1200
The Ghana kingdom dates back to the 9th and 11th centuries. The kingdom was known to be extremely wealthy due to the fact that it sat on a large gold mine. The resources provided from the gold mine led to a prosperous trading system for the Ghana kingdom. Another important factor in leading the Ghana kingdom to extreme wealth was a strategic governing system. The Ghana kingdom was also known as the Wagadugu. Wagadugu was discovered by Arab travelers that recorded their findings while on their journey. Ghana was the name given to Wagadugu kings and was also used to describe the wonderful and mysterious place that they had discovered. Records of the Ghana kingdom dates all the way back to the 4th century. Hundreds of years later, the kingdom became fully established and began to become extremely wealthy through the trade of their resources. The nation became known as Soninke. In the year 1000 B.C.E, the kingdom had to undergo a strategic expansion and also took control of a decent amount of land. Ghana would later go on to become one of the leading trading system in the
The British not only had to worry about controlling their trade within the Gold Coast, but they also had to worry about the African states that occupied lands within the area.
The Europeans saw Africa as being a great place to obtain all types of resources from labor to natural materials. Items such as cotton, coal, rubber, copper, tin, gold, and other metals were considered very valuable and readily available in Africa (Nardo). The industrial revolution had already become a strong influence on the countries that attended the Conference. They had spent the past...