Global Trade

A Splendid Exchange Summary of Key Points

A Splendid Exchange: How Trade Shaped the World, written by William J. Bernstein, is a comprehensive narrative of global trade’s history, from its prehistoric origins to the modern day. Bernstein meticulously explores the impact of trade on world history, including the spread of cultures, religions, ideas, and technology. He examines pivotal moments and developments such as the Silk Road, the age of exploration, and the rise of modern global commerce. The book delves into how trade has been a primary driver of human progress but also a source of conflict and exploitation.