Trading post

⭐ In the context of trading posts, what is a defining characteristic of the exchange process that frequently occurs?

Ad spacer

⭐ Core Definition: Trading post

A trading post, trading station, or trading house, also known as a factory in European and colonial contexts, is an establishment or settlement where goods and services could be traded.

Typically a trading post allows people from one geographic area to exchange for goods produced in another area. Usually money is not used. The barter that occurs often includes an aspect of haggling. In some examples, local inhabitants can use a trading post to exchange what they have (such as locally-harvested furs) for goods they wish to acquire (such as manufactured trade goods imported from industrialized places).

↓ Menu

>>>PUT SHARE BUTTONS HERE<<<
In this Dossier

Trading post in the context of British Empire

The British Empire comprised the dominions, colonies, protectorates, mandates, and other territories ruled or administered by the United Kingdom and its predecessor states. It began with the overseas possessions and trading posts established by England in the late 16th and early 17th centuries, and colonisation attempts by Scotland during the 17th century. At its height in the 19th and early 20th centuries, it became the largest empire in history and, for a century, was the foremost global power. By 1913, the British Empire held sway over 412 million people, 23 percent of the world population at the time, and by 1920, it covered 35.5 million km (13.7 million sq mi), 24 per cent of the Earth's total land area. As a result, its constitutional, legal, linguistic, and cultural legacy is widespread. At the peak of its power, it was described as "the empire on which the sun never sets", as the sun was always shining on at least one of its territories.

During the Age of Discovery in the 15th and 16th centuries, Portugal and Spain pioneered European exploration of the world, and in the process established large overseas empires. Motivated by the great wealth these empires generated, England, France, and the Netherlands began to establish colonies and trade networks of their own in the Americas and Asia. A series of wars in the 17th and 18th centuries with the Netherlands and France left Britain the dominant colonial power in North America. Britain became a major power in the Indian subcontinent after the East India Company's conquest of Mughal Bengal at the Battle of Plassey in 1757.

↑ Return to Menu

Trading post in the context of Manhattan

Manhattan is the most densely populated and geographically smallest of the five boroughs of New York City. Coextensive with New York County, Manhattan is the smallest county by area in the U.S. state of New York. Located almost entirely on Manhattan Island near the southern tip of the state, Manhattan is centrally located in the Northeast megalopolis and the urban core of the New York metropolitan area. Manhattan serves as New York City's economic and administrative center and has been described as the cultural, financial, media, and entertainment capital of the world.

Present-day Manhattan was originally part of Lenape territory. European settlement began with the establishment of a trading post by Dutch colonists in 1624 on Manhattan Island; the post was named New Amsterdam in 1626. The territory came under English control in 1664 and was renamed New York after King Charles II of England granted the lands to his brother, the Duke of York. New York, based in present-day Lower Manhattan, served as the capital of the United States from 1785 until 1790. The Statue of Liberty in New York Harbor greeted millions of arriving immigrants in the late 19th century and is a world symbol of the United States and its ideals. Manhattan became a borough during the consolidation of New York City in 1898, and houses New York City Hall, the seat of the city's government. Harlem in Upper Manhattan became the center of what is now known as the cultural Harlem Renaissance in the 1920s. The Stonewall Inn in Greenwich Village, part of the Stonewall National Monument, is considered the birthplace in 1969 of the modern gay-rights movement, cementing Manhattan's central role in LGBTQ culture. Manhattan was the site of the original World Trade Center, which was destroyed during the September 11 terrorist attacks in 2001.

↑ Return to Menu

Trading post in the context of English overseas possessions

The English overseas possessions, sometimes referred to as the English Empire, comprised a variety of overseas territories that were colonized, conquered, or otherwise acquired by the Kingdom of England before 1707. (In 1707 the Acts of Union made England part of the Kingdom of Great Britain. See British Empire.)

The first English overseas settlements were established in Ireland. Although there were English voyages of exploration during the reign of Henry VII of England, and further settlement in Ireland and attempts at North American settlement during the reign of his granddaughter Elizabeth I, not until the succession in 1603 of James VI of Scotland to the throne of England (ruling as James I) were permanent overseas settlements established in North America, first at Jamestown, Virginia (1607) and then the West Indies, all in areas claimed by Spain. In Asia, trading posts called "factories" in the East Indies, such as Bantam, and in the Indian subcontinent, beginning with Surat. In 1639, a series of English fortresses on the Indian coast was initiated with Fort St George. In 1661, the marriage of King Charles II to Catherine of Braganza brought him as part of her dowry new possessions which until then had been Portuguese, including Tangier in North Africa and Bombay in India.

↑ Return to Menu

Trading post in the context of Dutch Empire

The Dutch colonial empire (Dutch: Nederlandse Koloniale Rijk) comprised overseas territories and trading posts under some form of Dutch control from the early 17th to late 20th centuries, including those initially administered by Dutch chartered companies—primarily the Dutch East India Company (1602–1799) and Dutch West India Company (1621–1792)—and subsequently governed by the Dutch Republic (1581–1795) and modern Kingdom of the Netherlands (1815–1975).

Following the de facto independence of the Dutch Republic from the Spanish Empire in the late 16th century, various trading companies known as voorcompagnie led maritime expeditions overseas in search of commercial opportunities. By 1600, Dutch traders and mariners had penetrated the lucrative Asian spice trade but lacked the capital or manpower to secure or expand their ventures; this prompted the States General in 1602 to consolidate several trading enterprises into the semi-state-owned Dutch East India Company (Dutch: Verenigde Oost-Indische Compagnie, VOC), which was granted a monopoly over the Asian trade.

↑ Return to Menu

Trading post in the context of Macau

Macau or Macao is a special administrative region of the People's Republic of China (PRC). With a population of about 710,000 people and a land area of 32.9 km (12.7 sq mi), it is the most densely populated region in the world.

Formerly a Portuguese colony, the territory of Portuguese Macau was first leased to Portugal by the Ming dynasty as a trading post in 1557. Portugal paid an annual rent and administered the territory under Chinese sovereignty until 1887, when Portugal gained perpetual colonial rights with the signing of the Sino-Portuguese Treaty of Peking. The colony remained under Portuguese rule until the 1999 handover to China. Macau is a special administrative region of China, which maintains separate governing and economic systems from those of mainland China under the principle of "one country, two systems". The unique blend of Portuguese and Chinese architecture in the city's historic centre has resulted in its designation as a UNESCO World Heritage Site in 2005.

↑ Return to Menu

Trading post in the context of Dejima

Dejima (Japanese: 出島; lit. 'exit island') or Deshima, in the 17th century also called Tsukishima (築島; lit. 'built island'), was an artificial island off Nagasaki, Japan, that served as a trading post for the Portuguese (1570–1639) and subsequently the Dutch (1641–1858). For 220 years, it was the central conduit for foreign trade and cultural exchange with Japan during the isolationist Edo period (1600–1869), and the only Japanese territory open to Westerners.

Dejima was created in 1636 by digging a canal through a small peninsula and linking it to the mainland with a small bridge. The island was constructed by the Tokugawa shogunate, whose isolationist policies sought to preserve the existing sociopolitical order by forbidding outsiders from entering Japan while prohibiting most Japanese from leaving. Dejima housed European merchants and separated them from Japanese society while still facilitating lucrative trade with the West.

↑ Return to Menu

Trading post in the context of Emporium (antiquity)

An emporium refers to a trading post, factory, or market of classical antiquity, derived from ἐμπόριον empórion, which becomes emporium in Latin. The plural is emporia in both languages, although in Greek the plural undergoes a semantic shift towards 'merchandise'. Emporium is a term that has also been used to describe the centres of heightened trade during the Early Middle Ages.

Emporia varied greatly in their level of activity. Some seem to have functioned much like the permanent European trading colonies in China, India and Japan in the early modern period or those of the mediaeval Italian maritime republics in the Levant. Others were probably annual events for a few days or weeks like the medieval Champagne fairs or modern trade fairs.

↑ Return to Menu

Trading post in the context of EntrepĂ´t

An entrepôt (English: /ˈɒntrəpoʊ/ ON-trə-poh; French: [ɑ̃tʁəpo] ) is a transshipment port, city, or trading post where merchandise may be imported, stored, or traded, usually to be exported again. Entrepôt also means 'warehouse' in modern French, and is derived from the Latin roots inter 'between' + positum 'position', literally 'that which is placed between'. Typically located on a crossroads, river, canal, or maritime trade route these trade hubs played a critical role in trade during the age of sail. Modern logistics, supply chain networks, and border controls have largely made entrepôts obsolete, or reduced them in number, but the term is still used to refer to duty-free ports or those with a high volume of re-export trade.

Railways, Container Ships, Air-Freight, and Telecommunications have created a world in which commodities and manufactured goods are shifted from one part of the globe to another in regular, controlled, and reliable streams; see Just-in-Time Manufacturing. Eliminating the factors which once made the entrepot phenomenon central to trade networks. But, as pointed out by the Dutch economist T.P. van der Kooy and has been more recently restated by P.W. Klein, before the Industrial Revolution the flow of goods from one part of the world to another, even one region of a country to another, was so irregular and unpredictable that there was no possibility of achieving any sort of steady distribution, any balancing of supply and demand, or any sort of price stability except by stockpiling great reserves of commodities in central storehouses; ie entrepots.

↑ Return to Menu