What were the factors responsible for the development of long distance trade?
1 answer
The factors responsible for the development of long distance trade include the availability of resources, the development of transportation technology, the emergence of a monetary system, the growth of cities, the development of a merchant class, and the emergence of a global market. Additionally, the development of international trade agreements, the growth of international banking, and the emergence of international organizations such as the World Trade Organization have all contributed to the growth of long distance trade.