Barter trade system in ghana

Barter trade system in ghana

Posted: VladVlad On: 12.06.2017

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Silent trade - Wikipedia

About Our Project Home Ancient Zimbabwe Mali Empire Swahili Coastal Trading States Kongo Kingdom Ancient Ghana Other Classes Block E Block H Other Projects World Issues Project. Ancient Ghana Trade Edit 1 18 … 0 Tags No tags.

Welcome to the Ancient Ghana Trade page. Get ready to go on a journey that will teach you about the most interesting things about G hana!

barter trade system in ghana

Enjoy your camel ride Introduction The Ghana Empire was an important trading state in West Africa from aboutAD. Ghana became the center for trade, amongst black Africans in grains, cattle, and metals. The camels brought goods such as books, salt, textiles and tools. The variety of goods were traded for gold, ivory and slaves with regions south of Ghana. It took the camels from the "Arabic World" a very long time to cross the Sahara Desert and come to Ghana.

As a matter of fact, Ghana had such a large amount of gold, that miners had the privilege of keeping any gold dust they found while mining! The king only kept the gold nuggets. As Ghana had such an abundance in gold, it was used to make almost everything.

Barter trade on the ascendancy in Ghana | Business News

Statues, jewellery, paintings, and even cutlery were made of pure gold in the Ghana Empire. Gold, gold, gold and MORE gold!

Ancient Africa D - Ancient Ghana Trade

The Ghana Empire, is probably, until this date, the most rich empire in gold! As salt is an important spice, which is used for day-to-day life, it was very critical for Ghana to have enough and more quantities of salt. They began to trade with Northern kingdoms, which lacked gold. Ghana had very clear regulationsas far as trade was concerned, and therefore all the Northern traders were fair with the trade-they were even ounce-for-ounce.

As you can see in the images above, the Ghana Empire did not have any natural resources to provide them with any form of salt, whatsoever!

He free forex arbitrage ea cared for his kingdom, and wanted to make sure that Ghana stayed rich, and had power. That is the reason why he charged a tax on all the people entering barter trade system in ghana leaving Ghana. The tax was paid in salt, iron, peacock feathers, fine silks, spices etc. The trade routes were protected from raiders by the Ghana warriors in return.

As shown in this picture, the king of Ghana was a wise man! The picture in the center, shows peacock feathers, which Ghana used to tax visiting kingdoms in.

Problem of Barter system and Evolution of Money

On the right is a picture of the ancient Ghana warriors, who used to guard the trading routes from raiders. Instead of meeting and arguing a price, gold would be left at a special place, and the traders would simply come and take it from that secret place.

If the desired goods were not left in the same place, in return, then the trade would immediately be stopped. Most traders were afraid to leave too little in return of the gold Ghana provided them with, for they knew that if they did, Ghana would stop the trade.

Afraid that the trade between Ghana and their kingdom would stop, many rulers would always leave a bit more than required, in return! The silent barter system required traders from other kingdoms, to cross the entire Sahara Desert and tackle many obstacles in order to come to Ghana and perform the trade.

barter trade system in ghana

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