Trading posts were establishments where people could trade goods. They were especially common in colonial times when European powers established them in Africa, Asia, and the Americas to facilitate trade.
Think of trading posts like a farmer's market in your town. Just as local farmers bring their produce to sell or exchange with others at the market, traders from different regions would bring their goods (like spices, silk, or gold) to these trading posts.
Mercantilism: An economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances.
Colonialism: The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.
Barter System: A method of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.
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