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Form 2 History and Government Notes: Simplified and Comprehensive

Institution: Secondary Level

Course: History and Government

Content Category: Form 2 Notes

Posted By: oriango

Document Type: PDF

Number of Pages: 127

Price: KES 290
 
    

Views: 23327     Downloads: 36

Summary

Form 2 History and Government Notes: Simplified and Comprehensive: This document contains comprehensive and high quality notes for History and Government Form 2.

Brief Overview:

TRADE
Definition of trade
Trade refers to the exchange of goods and services between people or countries.
Man must have started trading soon after the evolution of the homo sapien sapiens.
Trade was occasioned by the existence of varying environmental and climatic conditions. Trade arises from the basic human needs such as satisfying food requirements
Methods of trade.
There are two main methods of trade;
1. Barter trade
2. Currency trade.
a) Barter trade
This is the exchange of gods for gods. It is one of the earliest forms of trade that was even taking place during the reign of King Solomon of the Bible.
Barter trade emerged from the natural needs of the people. For example, among the Kenyan pre-colonial communities such as the Maasai who kept livestock but did not have grains which the neighbouring kikuyu possessed. Barter trade sometimes even took place within the same community where some people had some special talents that others did not possess. E.g ironsmiths
A form of barter trade known as ‘silent trade’ was practiced in some areas where the two involved communities could not speak the same language. For example, it existed between Morocco and Carthage in 400 BC.
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