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Tue, 23 Sep 2008

Early Globalization

Quoted without comment, from A History of US, "The First Americans", page 133:

For trifles, as knives, bells, looking glasses, and such small merchandise which cost him four English pounds, a French trader had commodities that sold at his return for 110 pounds.
    --Richard Hackluyt, 1598

The English have no sense; they give us twenty knives .... for one beaver skin.
    --Algonquin Indian, 1634

posted at: 18:19 | path: /economics | permanent link to this entry

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