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    European Economic History Development

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    How do you explain the fact that china had a much more highly developed economy than most of the rest of the world in the year 1000AD?

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    In and around 1000A.D., Chinese merchants ruled the seas of Asia. Chinese shipbuilders began to build massive ocean liners, boats and so forth. These ocean carriers had a capacity of approximately 1,250 tons and were able to carry from five hundred to a thousand people at one time. Because the leaders in sea trade--India, Persia and some Arab countries--were facing problems in their homeland the volume to China diminished. The Chinese had to find a way to get what they needed and in turn began their own sea trading by ...

    Solution Summary

    The expert analyzes the European economic history development. The fact that China had a more highly developed economy is found.