WH9: The Indian Ocean Trade Network

3rd Period, don’t forget the charity drive!

Vocabulary for this unit:

The functions of money- measure of value, store of value, medium of exchange

Price mechanism

Barter

Hard Currency

Normal goods

Luxury goods

Commodity

Monopoly

Profit

Tariffs and excise taxes

Law of Demand

Law of Supply

Equilibrium/equilibrium price

Cities of the Zanj documents:

Focus Questions: How would these documents help a merchant plan a trading voyage? How might these documents be unreliable?

zanj

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