Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market .
107-492: The Bridgewater Triangle is an area of about 200 square miles (520 km) within southeastern Massachusetts in the United States , claimed to be a site of alleged paranormal phenomena , ranging from UFOs to poltergeists , and other spectral phenomena, various bigfoot -like sightings, giant snakes and thunderbirds . The term was coined by New England-based cryptozoologist Loren Coleman . Specific boundaries of
214-566: A Wôpanâak word muswachasut , segmented as mus(ây) "big" + wach "mountain" + -s "diminutive" + - ut "locative". This word has been translated as "near the great hill", "by the blue hills", "at the little big hill", or "at the range of hills", in reference to the Blue Hills —namely, the Great Blue Hill , located on the boundary of Milton and Canton . Massachusett has also been represented as Moswetuset . This comes from
321-438: A comparative advantage (perceived or real) in the production of some trade-able goods – including the production of scarce or limited natural resources elsewhere. For example, different regions' sizes may encourage mass production . In such circumstances, trading at market price between locations can benefit both locations. Different types of traders may specialize in trading different kinds of goods; for example,
428-580: A right to shelter law, and the first U.S. state, and one of the earliest jurisdictions in the world to legally recognize same-sex marriage . Harvard University in Cambridge is the oldest institution of higher learning in the United States , with the largest financial endowment of any university in the world. Both Harvard and MIT , also in Cambridge, are perennially ranked as either
535-722: A co-founder of the Special Olympics . In 1966, Massachusetts became the first state to directly elect an African American to the U.S. senate with Edward Brooke . George H. W. Bush , 41st President of the United States (1989–1993) was born in Milton in 1924. Other notable Massachusetts politicians on the national level included Joseph W. Martin Jr. , Speaker of the House (from 1947 to 1949 and then again from 1953 to 1955) and leader of House Republicans from 1939 until 1959 (where he
642-433: A few circumstances tariffs might be beneficial to the host country; but never for the world at large. The Great Depression was a major economic recession that ran from 1929 to the late 1930s. During this period, there was a great drop in trade and other economic indicators. The lack of free trade was considered by many as a principal cause of the depression causing stagnation and inflation. Only during World War II did
749-565: A frontrunner in the Democratic primaries for the 2020 presidential election. However, she later suspended her campaign and endorsed presumptive nominee Joe Biden . Two pressure cooker bombs exploded near the finish line of the Boston Marathon on April 15, 2013, at around 2:49 pm local time ( EDT ). The explosions killed three people and injured an estimated 264 others. The Federal Bureau of Investigation (FBI) later identified
856-494: A large population of grey seals . Since 2009, there has been a significant increase in the number of Great white sharks spotted and tagged in the coastal waters off of Cape Cod . Freshwater fish species in Massachusetts include bass , carp , catfish , and trout , while saltwater species such as Atlantic cod , haddock , and American lobster populate offshore waters. Other marine species include Harbor seals ,
963-512: A medium of credit or exchange, such as money. Though some economists characterize barter (i.e. trading things without the use of money ) as an early form of trade, money was invented before written history began. Consequently, any story of how money first developed is mostly based on conjecture and logical inference. Letters of credit , paper money , and non-physical money have greatly simplified and promoted trade as buying can be separated from selling , or earning . Trade between two traders
1070-636: A near-collapse of the trade network in the western world. Trade, however, continued to flourish among the kingdoms of Africa, the Middle East, India, China, and Southeast Asia. Some trade did occur in the west. For instance, Radhanites were a medieval guild or group (the precise meaning of the word is lost to history) of Jewish merchants who traded between the Christians in Europe and the Muslims of
1177-542: A path to decarbonize the state's economy. On April 22, 2020, Kathleen A. Theoharides, the state's Secretary of Energy and Environmental Affairs, released a Determination of Statewide Emissions limits for 2050. In her letter, Theoharides stresses that as of 2020, the Commonwealth has experienced property damage attributable to climate change of more than $ 60 billion. To ensure that the Commonwealth experiences warming no more than 1.5 °C of pre-industrialization levels,
SECTION 10
#17327868535441284-463: A positive relationship between how well-connected a coastal location was and the local prevalence of archaeological sites from the Iron Age. This suggests that a location's trade potential was an important determinant of human settlements. The complaint tablet to Ea-nāṣir , dated 1750 BCE, documents the tribulations of a copper merchant at the time. From the beginning of Greek civilization until
1391-436: A significant change to the state's built environment and ecosystems. In Boston alone, costs of climate change-related storms will result in $ 5 to $ 100 billion in damage. Warmer temperatures will also disrupt bird migration and flora blooming. With these changes, deer populations are expected to increase, resulting in a decrease in underbrush which smaller fauna use as camouflage. Additionally, rising temperatures will increase
1498-462: Is Boston . Other major cities are Worcester , Springfield and Cambridge . Massachusetts is also home to the urban core of Greater Boston , the largest metropolitan area in New England and a region profoundly influential upon American history , academia , and the research economy . Massachusetts has a reputation for social and political progressivism ; becoming the only U.S. state with
1605-436: Is called bilateral trade , while trade involving more than two traders is called multilateral trade . In one modern view, trade exists due to specialization and the division of labor , a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trade for other products and needs. Trade exists between regions because different regions may have
1712-575: Is deeply bound up in trade, as a system of clay tokens used for accounting – found in Upper Euphrates valley in Syria dated to the 10th millennium BCE – is one of the earliest versions of writing. Ebla was a prominent trading center during the third millennia BCE, with a network reaching into Anatolia and north Mesopotamia. Materials used for creating jewelry were traded with Egypt since 3000 BCE. Long-range trade routes first appeared in
1819-536: Is derived from the Latin commercium , from cum "together" and merx , "merchandise." Trade originated from human communication in prehistoric times. Prehistoric peoples exchanged goods and services with each other in a gift economy before the innovation of modern-day currency. Peter Watson dates the history of long-distance commerce to c. 150,000 years ago. In the Mediterranean region,
1926-474: Is its largest city. Despite its small size, Massachusetts features numerous topographically distinctive regions. The large coastal plain of the Atlantic Ocean in the eastern section of the state contains Greater Boston , along with most of the state's population, as well as the distinctive Cape Cod peninsula . To the west lies the hilly, rural region of Central Massachusetts , and beyond that,
2033-715: Is now known as Rhode Island , and Hutchinson joined him there several years later. Religious intolerance continued, and among those who objected to this later that century were the English Quaker preachers Alice and Thomas Curwen , who were publicly flogged and imprisoned in Boston in 1676. By 1641, Massachusetts had expanded inland significantly. The Commonwealth acquired the Connecticut River Valley settlement of Springfield , which had recently disputed with—and defected from—its original administrators,
2140-471: Is quite wet. Frosts are frequent all winter, even in coastal areas due to prevailing inland winds. Boston has a relatively sunny climate for a coastal city at its latitude, averaging over 2,600 hours of sunshine a year. Climate change in Massachusetts will affect both urban and rural environments, including forestry, fisheries, agriculture, and coastal development. The Northeast is projected to warm faster than global average temperatures; by 2035, according to
2247-723: Is the most populous state in New England, the 16th-most-populous in the country, and the third-most densely populated , after New Jersey and Rhode Island. Massachusetts was a site of early English colonization . The Plymouth Colony was founded in 1620 by the Pilgrims of the Mayflower . In 1630, the Massachusetts Bay Colony , taking its name from the Indigenous Massachusett people , also established settlements in Boston and Salem. In 1692,
SECTION 20
#17327868535442354-641: The American Human Development Index and the standard Human Development Index , first in per capita income , and as of 2023, first in median income . Consequently, Massachusetts typically ranks as the top U.S. state, as well as the most expensive state, for residents to live in. The Massachusetts Bay Colony was named after the Indigenous population, the Massachusett or Muhsachuweesut , whose name likely derived from
2461-744: The Bengal Sultanate was a major trading nation in the world and often referred to by Europeans as the wealthiest country with which to trade. In the 16th and 17th centuries, the Portuguese gained an economic advantage in the Kingdom of Kongo due to different philosophies of trade. Whereas Portuguese traders concentrated on the accumulation of capital, in Kongo spiritual meaning was attached to many objects of trade. According to economic historian Toby Green , in Kongo "giving more than receiving
2568-863: The Cape Cod National Seashore and the Boston Harbor Islands National Recreation Area . In addition, the Department of Conservation and Recreation maintains a number of parks , trails, and beaches throughout Massachusetts. The primary biome of inland Massachusetts is temperate deciduous forest . Although much of Massachusetts had been cleared for agriculture, leaving only traces of old-growth forest in isolated pockets, secondary growth has regenerated in many rural areas as farms have been abandoned. Forests cover around 62% of Massachusetts. The areas most affected by human development include
2675-668: The Commonwealth of Massachusetts , is a state in the New England region of the Northeastern United States . It borders the Atlantic Ocean and Gulf of Maine to its east, Connecticut and Rhode Island to its south, New Hampshire and Vermont to its north, and New York to its west. Massachusetts is the sixth-smallest state by land area . With over seven million residents as of 2020, it
2782-552: The Connecticut Colony . This established Massachusetts's southern border in the west. However, this became disputed territory until 1803–04 due to surveying problems, leading to the modern Southwick Jog . In 1652 the Massachusetts General Court authorized Boston silversmith John Hull to produce local coinage in shilling, sixpence and threepence denominations to address a coin shortage in
2889-639: The Connecticut River Valley . Along the western border of Western Massachusetts lies the highest elevated part of the state, the Berkshires , forming a portion of the northern terminus of the Appalachian Mountains . The U.S. National Park Service administers a number of natural and historical sites in Massachusetts . Along with twelve national historic sites, areas, and corridors, the National Park Service also manages
2996-684: The Great Depression of the 1930s. Trade openness increased substantially again from the 1950s onward (albeit with a slowdown during the oil crisis of the 1970s ). Economists and economic historians contend that current levels of trade openness are the highest they have ever been. Trade is from Middle English trade ("path, course of conduct"), introduced into English by Hanseatic merchants, from Middle Low German trade ("track, course"), from Old Saxon trada ("spoor, track"), from Proto-Germanic *tradō ("track, way"), and cognate with Old English tredan ("to tread"). Commerce
3103-473: The Massachusetts Bay Colony —now known as Boston—in 1630. The Puritans believed the Church of England needed to be further reformed along Protestant Calvinist lines, and experienced harassment due to the religious policies of King Charles I and high-ranking churchmen such as William Laud , who would become Charles's Archbishop of Canterbury , whom they feared were re-introducing "Romish" elements to
3210-703: The Venetian Republic and the Republic of Genoa were major trade centers. They dominated trade in the Mediterranean and the Black Sea, having the monopoly between Europe and the Near East for centuries. From the 8th to the 11th century, the Vikings and Varangians traded as they sailed from and to Scandinavia. Vikings sailed to Western Europe, while Varangians to Kyivan Rus' . The Hanseatic League
3317-492: The common loon are becoming rare. A significant population of long-tailed ducks winter off Nantucket . Small offshore islands and beaches are home to roseate terns and are important breeding areas for the locally threatened piping plover . Protected areas such as the Monomoy National Wildlife Refuge provide critical breeding habitat for shorebirds and a variety of marine wildlife including
Bridgewater Triangle - Misplaced Pages Continue
3424-490: The market (which consists both of individuals and other companies) at the lowest production cost . A system of international trade has helped to develop the world economy but, in combination with bilateral or multilateral agreements to lower tariffs or to achieve free trade , has sometimes harmed third-world markets for local products. Free trade is a policy by which a government does not discriminate against imports or exports by applying tariffs or subsidies. This policy
3531-496: The monarchy the former colonies were fighting against during the American Revolutionary War . The name "State of Massachusetts Bay" appeared in the first draft, which was ultimately rejected. It was also chosen to include the "Cape Islands" in reference to Martha's Vineyard and Nantucket —from 1780 to 1844, they were seen as additional and separate entities confined within the Commonwealth. Massachusetts
3638-401: The spice trade and grain trade have both historically been important in the development of a global, international economy. Retail trade consists of the sale of goods or merchandise from a very fixed location (such as a department store , boutique , or kiosk ), online or by mail , in small or individual lots for direct consumption or use by the purchaser. Wholesale trade is
3745-403: The steam engine to power factories. Canals and railroads were being used in the state for transporting raw materials and finished goods. At first, the new industries drew labor from Yankees on nearby subsistence farms, though they later relied upon immigrant labor from Europe and Canada. Although Massachusetts was the first slave-holding colony with slavery dating back to the early 1600s,
3852-405: The terms of trade through maintaining tariffs , and that the response to this might be reciprocity in trade policy. Ricardo and others had suggested this earlier. This was taken as evidence against the universal doctrine of free trade, as it was believed that more of the economic surplus of trade would accrue to a country following reciprocal , rather than completely free, trade policies. This
3959-554: The "Atlas of Independence", was highly involved in both separation from Britain and the Constitution of Massachusetts , which effectively (the Elizabeth Freeman and Quock Walker cases as interpreted by William Cushing ) made Massachusetts the first state to abolish slavery. David McCullough points out that an equally important feature was its placing for the first time the courts as a co-equal branch separate from
4066-484: The 19th century, Massachusetts became a national leader in the American Industrial Revolution , with factories around cities such as Lowell and Boston producing textiles and shoes, and factories around Springfield producing tools, paper, and textiles. The state's economy transformed from one based primarily on agriculture to an industrial one, initially making use of water-power and later
4173-715: The 3rd millennium BCE, when Sumerians in Mesopotamia traded with the Harappan civilization of the Indus Valley . The Phoenicians were noted sea traders, traveling across the Mediterranean Sea , and as far north as Britain for sources of tin to manufacture bronze . For this purpose they established trade colonies the Greeks called emporia . Along the coast of the Mediterranean, researchers have found
4280-462: The 48 states. After the world war, the economy of eastern Massachusetts transformed from one based on heavy industry into a service-based economy . Government contracts, private investment, and research facilities led to a new and improved industrial climate, with reduced unemployment and increased per capita income. Suburbanization flourished, and by the 1970s, the Route 128 / Interstate 95 corridor
4387-811: The Atlantic and the Pacific Oceans. In 1776, Adam Smith published the paper An Inquiry into the Nature and Causes of the Wealth of Nations . It criticized Mercantilism , and argued that economic specialization could benefit nations just as much as firms. Since the division of labour was restricted by the size of the market, he said that countries having access to larger markets would be able to divide labour more efficiently and thereby become more productive . Smith said that he considered all rationalizations of import and export controls "dupery", which hurt
Bridgewater Triangle - Misplaced Pages Continue
4494-902: The Bridgewater Triangle were first described by cryptozoologist Loren Coleman who coined the term in the 1970s, and later in his book Mysterious America. Common to most of these areas is a mix of reported phenomena, that includes reports of: Schultz, Eric B.; Tougias, Michael J. (2000). King Philip's War: The History and Legacy of America's Forgotten Conflict (1st ed.). Countryman Press. ISBN 978-0881504835 . 41°56′N 71°05′W / 41.93°N 71.09°W / 41.93; -71.09 Massachusetts Masshole Massachusite (traditional) Massachusetts ( / ˌ m æ s ə ˈ tʃ uː s ɪ t s / , /- z ɪ t s / MASS -ə- CHOO -sits, -zits ; Massachusett : Muhsachuweesut [məhswatʃəwiːsət] ), officially
4601-677: The British government, were a primary reason for the unity of the Thirteen Colonies and the outbreak of the American Revolution in 1775. The Battles of Lexington and Concord , fought in Massachusetts in 1775, initiated the American Revolutionary War . George Washington , later the first president of the future country, took over what would become the Continental Army after the battle. His first victory
4708-859: The British monarchy, including open rebellion under the Dominion of New England in the 1680s. Protests against British attempts to tax the colonies after the French and Indian War ended in 1763 led to the Boston Massacre in 1770, and the 1773 Boston Tea Party escalated tensions. In 1774, the Intolerable Acts targeted Massachusetts with punishments for the Boston Tea Party and further decreased local autonomy, increasing local dissent. Anti-Parliamentary activity by men such as Samuel Adams and John Hancock , followed by reprisals by
4815-560: The Caribbean. During the Middle Ages , commerce developed in Europe by trading luxury goods at trade fairs. Wealth became converted into movable wealth or capital . Banking systems developed where money on account was transferred across national boundaries. Hand to hand markets became a feature of town life and were regulated by town authorities. Western Europe established a complex and expansive trade network with cargo ships being
4922-636: The Civil War. Massachusetts was the first state to recruit, train, and arm a Black regiment with White officers, the 54th Massachusetts Infantry Regiment . In 1852, Massachusetts became the first state to pass compulsory education laws. Although the U.S. stock market had sustained steep losses the last week in October 1929, Tuesday, October 29 is remembered as the beginning of the Great Depression. The Boston Stock Exchange , drawn into
5029-517: The Colony of Georgia in 1735.) Later, Adams was active in early American foreign affairs and succeeded Washington as the second president of the United States . His son, John Quincy Adams , also from Massachusetts, would go on to become the nation's sixth president. From 1786 to 1787, an armed uprising led by Revolutionary War veteran Daniel Shays , now known as Shays' Rebellion , wrought havoc throughout Massachusetts and ultimately attempted to seize
5136-851: The Greater Boston area in the east and the Springfield metropolitan area in the west, although the latter includes agricultural areas throughout the Connecticut River Valley. There are 219 endangered species in Massachusetts. A number of species are doing well in the increasingly urbanized Massachusetts. Peregrine falcons utilize office towers in larger cities as nesting areas, and the population of coyotes , whose diet may include garbage and roadkill, has been increasing in recent decades. White-tailed deer , raccoons , wild turkeys , and eastern gray squirrels are also found throughout Massachusetts. In more rural areas in
5243-576: The Massachusetts Marijuana Legalization Initiative , also known as Question 4. Massachusetts is the seventh-smallest state in the United States . It is located in the New England region of the Northeastern United States . It has an area of 10,555 square miles (27,340 km ), 25.7% of which is water. Several large bays distinctly shape its coast, giving it the nickname "the Bay State". Boston
5350-741: The Near East. The first true maritime trade network in the Indian Ocean was by the Austronesian peoples of Island Southeast Asia . Initiated by the indigenous peoples of Taiwan and the Philippines , the Maritime Jade Road was an extensive trading network connecting multiple areas in Southeast and East Asia. Its primary products were made of jade mined from Taiwan by Taiwanese indigenous peoples and processed mostly in
5457-521: The Northeast United States has risen by ten percent from 1895 to 2011, and the number of heavy precipitation events has increased by seventy percent during that time. These increased precipitation patterns are focused in the winter and spring. Increasing temperatures coupled with increasing precipitation will result in earlier snow melts and subsequent drier soil in the summer months. The shifting climate in Massachusetts will result in
SECTION 50
#17327868535445564-407: The Philippines by indigenous Filipinos, especially in Batanes , Luzon , and Palawan . Some were also processed in Vietnam , while the peoples of Malaysia , Brunei , Singapore , Thailand , Indonesia , and Cambodia also participated in the massive trading network. The maritime road is one of the most extensive sea-based trade networks of a single geological material in the prehistoric world. It
5671-419: The Stone Age by excavations in 1901. The first clear archaeological evidence of trade in manufactured goods is found in south west Asia. Archaeological evidence of obsidian use provides data on how this material was increasingly the preferred choice rather than chert from the late Mesolithic to Neolithic, requiring exchange as deposits of obsidian are rare in the Mediterranean region. Obsidian provided
5778-434: The U. S. Global Change Research Program, the Northeast is "projected to be more than 3.6°F (2°C) warmer on average than during the preindustrial era". As of August 2016, the EPA reports that Massachusetts has warmed by over two degrees Fahrenheit, or 1.1 degrees Celsius. Shifting temperatures also result in the shifting of rainfall patterns and the intensification of precipitation events. To that end, average precipitation in
5885-412: The agreement. In 1947, 23 countries agreed to the General Agreement on Tariffs and Trade to promote free trade. The European Union became the world's largest exporter of manufactured goods and services, the biggest export market for around 80 countries. Today, trade is merely a subset within a complex system of companies which try to maximize their profits by offering products and services to
5992-406: The broad transition zone to Humid Subtropical climates. The warm to hot summers render the oceanic climate rare in this transition, only applying to exposed coastal areas such as on the peninsula of Barnstable County . The climate of Boston is quite representative for the commonwealth, characterized by summer highs of around 81 °F (27 °C) and winter highs of 35 °F (2 °C), and
6099-414: The colony did not move to renew his contract or appoint a new mintmaster. The coinage was a contributing factor to the revocation of the Massachusetts Bay Colony charter in 1684. In 1691, the colonies of Massachusetts Bay and Plymouth were united (along with present-day Maine , which had previously been divided between Massachusetts and New York ) into the Province of Massachusetts Bay . Shortly after,
6206-454: The colony. Before that point, the colony's economy had been entirely dependent on barter and foreign currency, including English, Spanish, Dutch, Portuguese and counterfeit coins. In 1661, shortly after the restoration of the British monarchy , the British government considered the Boston mint to be treasonous. However, the colony ignored the English demands to cease operations until at least 1682, when Hull's contract as mintmaster expired, and
6313-439: The departure of several manufacturing companies, the state's industrial economy began to decline during the early 20th century. By the 1920s, competition from the American South and Midwest , followed by the Great Depression , led to the collapse of the three main industries in Massachusetts: textiles, shoemaking, and precision mechanics. This decline would continue into the latter half of the 20th century. Between 1950 and 1979,
6420-410: The doctrine still considered the most counterintuitive in economics : The ascendancy of free trade was primarily based on national advantage in the mid 19th century. That is, the calculation made was whether it was in any particular country's self-interest to open its borders to imports. John Stuart Mill proved that a country with monopoly pricing power on the international market could manipulate
6527-476: The earliest contact between cultures involved members of the species Homo sapiens , principally using the Danube river, at a time beginning 35,000–30,000 BP . There is evidence of the exchange of obsidian and flint during the Stone Age . Trade in obsidian is believed to have taken place in New Guinea from 17,000 BCE. The earliest use of obsidian in the Near East dates to the Lower and Middle paleolithic. Robert Carr Bosanquet investigated trade in
SECTION 60
#17327868535446634-448: The early 1600s, European colonists caused virgin soil epidemics such as smallpox , measles , influenza , and perhaps leptospirosis in what is now known as the northeastern region of the United States. Between 1617 and 1619, a disease that was most likely smallpox killed approximately 90% of the Massachusetts Bay Native Americans . The first English colonists in Massachusetts Bay Colony landed with Richard Vines and spent
6741-417: The east–west trade route known as the Silk Road after the 4th century CE up to the 8th century CE, with Suyab and Talas ranking among their main centers in the north. They were the main caravan merchants of Central Asia. From the Middle Ages, the maritime republics , in particular Venice , Pisa and Genoa , played a key role in trade along the Mediterranean. From the 11th to the late 15th centuries,
6848-402: The endangered North Atlantic right whales , as well as humpback whales , fin whales , minke whales , and Atlantic white-sided dolphins . The European corn borer , a significant agricultural pest, was first found in North America near Boston, Massachusetts in 1917. Most of Massachusetts has a humid continental climate , with cold winters and warm summers. Far southeast coastal areas are
6955-449: The exclusion of same-sex couples from the right to a civil marriage was unconstitutional. In 2004, Massachusetts senator John Kerry , who won the Democratic nomination for President of the United States, lost to incumbent George W. Bush . Eight years later, former Massachusetts governor Mitt Romney (the Republican nominee) lost to incumbent Barack Obama in 2012. Another eight years later, Massachusetts senator Elizabeth Warren became
7062-414: The executive. (The Constitution of Vermont , adopted in 1777, represented the first partial ban on slavery among the states. Vermont became a state in 1791 but did not fully ban slavery until 1858 with the Vermont Personal Liberty Law. The Pennsylvania Gradual Abolition Act of 1780 made Pennsylvania the first state to abolish slavery by statute - the second English colony to do so; the first having been
7169-438: The fall of the Roman Empire in the 5th century, a financially lucrative trade brought valuable spice to Europe from the far east, including India and China. Roman commerce allowed its empire to flourish and endure. The latter Roman Republic and the Pax Romana of the Roman empire produced a stable and secure transportation network that enabled the shipment of trade goods without fear of significant piracy , as Rome had become
7276-435: The federal Springfield Armory . The rebellion was one of the major factors in the decision to draft a stronger national constitution to replace the Articles of Confederation . On February 6, 1788, Massachusetts became the sixth state to ratify the United States Constitution . In 1820, Maine separated from Massachusetts and entered the Union as the 23rd state due to the ratification of the Missouri Compromise . During
7383-418: The first millennium AD. It continued up to historic times, later becoming the Maritime Silk Road. The emergence of exchange networks in the Pre-Columbian societies of and near to Mexico are known to have occurred within recent years before and after 1500 BCE. Trade networks reached north to Oasisamerica . There is evidence of established maritime trade with the cultures of northwestern South America and
7490-406: The main carrier of goods; Cogs and Hulks are two examples of such cargo ships. Many ports would develop their own extensive trade networks. The English port city of Bristol traded with peoples from what is modern day Iceland, all along the western coast of France, and down to what is now Spain. During the Middle Ages, Central Asia was the economic center of the world. The Sogdians dominated
7597-415: The material cultures of India and China. Indonesians , in particular were trading in spices (mainly cinnamon and cassia ) with East Africa using catamaran and outrigger boats and sailing with the help of the Westerlies in the Indian Ocean. This trade network expanded to reach as far as Africa and the Arabian Peninsula , resulting in the Austronesian colonization of Madagascar by the first half of
7704-461: The material to make cutting utensils or tools, although since other more easily obtainable materials were available, use was exclusive to the higher status of the tribe using "the rich man's flint". Obsidian has held its value relative to flint. Early traders traded Obsidian at distances of 900 kilometres within the Mediterranean region. Trade in the Mediterranean during the Neolithic of Europe
7811-415: The most or among the most highly regarded academic institutions in the world. Massachusetts's public-school students place among the top tier in the world in academic performance. Massachusetts is the most educated and one of the most highly developed and wealthiest U.S. states, ranking first in the percentage of population 25 and over with either a bachelor's degree or advanced degree , first on both
7918-463: The movement of gold and other resources sent out by Muslim traders on the Trans-Saharan trading network. Beginning in the 16th century, European merchants would purchase gold, spices, cloth, timber and slaves from West African states as part of the triangular trade . This was often in exchange for cloth , iron , or cowrie shells which were used locally as currency. Founded in 1352,
8025-645: The name of the Moswetuset Hummock (meaning "hill shaped like an arrowhead") in Quincy , where Plymouth Colony commander Myles Standish (a hired English military officer) and Squanto (a member of the Patuxet band of the Wamponoag people , who have since died off due to contagious diseases brought by colonists) met Chief Chickatawbut in 1621. Although the designation "Commonwealth" forms part of
8132-624: The national church. They decided to colonize to Massachusetts, intending to establish what they considered an "ideal" religious society. The Massachusetts Bay Colony was colonized under a royal charter, unlike the Plymouth colony, in 1629. Both religious dissent and expansionism resulted in several new colonies being founded, shortly after Plymouth and Massachusetts Bay, elsewhere in New England. The Massachusetts Bay banished dissenters such as Anne Hutchinson and Roger Williams due to religious and political conflict. In 1636, Williams colonized what
8239-469: The new province's first governor, William Phips , arrived. The Salem witch trials also took place, where a number of men and women were hanged for alleged witchcraft . The most destructive earthquake known to date in New England occurred on November 18, 1755, causing considerable damage across Massachusetts. Massachusetts was a center of the movement for independence from Great Britain . Colonists in Massachusetts had long had uneasy relations with
8346-524: The number of Massachusetts residents involved in textile manufacturing declined from 264,000 to 63,000. The 1969 closure of the Springfield Armory , in particular, spurred an exodus of high-paying jobs from Western Massachusetts, which suffered greatly as it de-industrialized during the century's last 40 years. Massachusetts manufactured 3.4 percent of total United States military armaments produced during World War II , ranking tenth among
8453-568: The number of reported Lyme disease cases in the state. Ticks can transmit the disease once temperatures reach 45 degrees, so shorter winters will increase the window of transmission. These warmer temperatures will also increase the prevalence of Asian tiger mosquitoes , which often carry the West Nile virus . To fight this change, the Massachusetts Executive Office of Energy and Environmental Affairs has outlined
8560-466: The re-routing of several other major highways. The project was often controversial, with numerous claims of graft and mismanagement, and with its initial price tag of $ 2.5 billion increasing to a final tally of over $ 15 billion. Nonetheless, the Big Dig changed the face of Downtown Boston and connected areas that were once divided by elevated highway. Much of the raised old Central Artery
8667-803: The recession end in the United States. Also during the war, in 1944, 44 countries signed the Bretton Woods Agreement , intended to prevent national trade barriers, to avoid depressions. It set up rules and institutions to regulate the international political economy : the International Monetary Fund and the International Bank for Reconstruction and Development (later divided into the World Bank $ Bank for International Settlements). These organizations became operational in 1946 after enough countries ratified
8774-468: The sole effective sea power in the Mediterranean with the conquest of Egypt and the near east. In ancient Greece Hermes was the god of trade (commerce) and weights and measures. In ancient Rome, Mercurius was the god of merchants, whose festival was celebrated by traders on the 25th day of the fifth month. The concept of free trade was an antithesis to the will and economic direction of
8881-480: The sovereigns of the ancient Greek states. Free trade between states was stifled by the need for strict internal controls (via taxation) to maintain security within the treasury of the sovereign, which nevertheless enabled the maintenance of a modicum of civility within the structures of functional community life. The fall of the Roman empire and the succeeding Dark Ages brought instability to Western Europe and
8988-488: The state became a center of progressivist and abolitionist (anti-slavery) activity in the years leading up to the American Civil War . Horace Mann made the state's school system a national model. Henry David Thoreau and Ralph Waldo Emerson , both philosophers and writers from the state, also made major contributions to American philosophy. Furthermore, members of the transcendentalist movement within
9095-616: The state emphasized the importance of the natural world and emotion to humanity. Although significant opposition to abolitionism existed early on in Massachusetts, resulting in anti-abolitionist riots between 1835 and 1837, abolitionist views there gradually increased throughout the next few decades. Abolitionists John Brown and Sojourner Truth lived in Springfield and Northampton, respectively, while Frederick Douglass lived in Boston and Susan B. Anthony in Adams . The works of such abolitionists contributed to Massachusetts's actions during
9202-831: The state will work towards two goals by 2050: to achieve net-zero emissions , and to reduce greenhouse gas emissions by 85 percent overall. The State of Massachusetts has developed a plethora of incentives to encourage the implementation of renewable energy and efficient appliances and home facilities. The Mass Save program, formed in conjunction with the State by several companies that provide power and gas in Massachusetts, provides homeowners and renters with monetary incentives to retrofit their homes with efficient HVAC equipment and other household appliances. Appliances such as water heaters, air conditioners, washers and driers, and heat pumps are eligible for rebates in order to incentivize change. Trade Traders generally negotiate through
9309-416: The state's official name, it has no practical implications in modern times, and Massachusetts has the same position and powers within the United States as other states. John Adams may have chosen the word in 1779 for the second draft of what became the 1780 Massachusetts Constitution ; unlike the word "state", the word " commonwealth " had the connotation of a republic at the time. This was in contrast to
9416-509: The suspects as brothers Dzhokhar Tsarnaev and Tamerlan Tsarnaev . The ensuing manhunt ended on April 19 when thousands of law enforcement officers searched a 20-block area of nearby Watertown . Dzhokhar later said he was motivated by extremist Islamic beliefs and learned to build explosive devices from Inspire , the online magazine of al-Qaeda in the Arabian Peninsula . On November 8, 2016, Massachusetts voted in favor of
9523-669: The town of Salem and surrounding areas experienced one of America's most infamous cases of mass hysteria , the Salem witch trials . In the late 18th century, Boston became known as the "Cradle of Liberty" for the agitation there that later led to the American Revolution . In 1786, Shays' Rebellion , a populist revolt led by disaffected American Revolutionary War veterans, influenced the United States Constitutional Convention . Originally dependent on agriculture , fishing , and trade , Massachusetts
9630-555: The trading nation as a whole for the benefit of specific industries. In 1799, the Dutch East India Company , formerly the world's largest company, became bankrupt , partly due to the rise of competitive free trade. In 1817, David Ricardo , James Mill and Robert Torrens showed that free trade would benefit the industrially weak as well as the strong, in the famous theory of comparative advantage . In Principles of Political Economy and Taxation Ricardo advanced
9737-448: The traffic in goods that are sold as merchandise to retailers , industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services. Historically, openness to free trade substantially increased in some areas from 1815 until the outbreak of World War I in 1914. Trade openness increased again during the 1920s but collapsed (in particular in Europe and North America) during
9844-475: The western part of Massachusetts, larger mammals such as moose and black bears have returned, largely due to reforestation following the regional decline in agriculture. Massachusetts is located along the Atlantic Flyway , a major route for migratory waterfowl along the eastern coast. Lakes in central Massachusetts provide habitat for many species of fish and waterfowl, but some species such as
9951-625: The whirlpool of panic selling that beset the New York Stock Exchange, lost over 25 percent of its value in two days of frenzied trading. The BSE, nearly 100 years old at the time, had helped raise the capital that had funded many of the Commonwealth's factories, railroads, and businesses. " Governor of Massachusetts Frank G. Allen appointed John C. Hull the first Securities Director of Massachusetts. Hull would assume office in January 1930, and his term would end in 1936. With
10058-653: The winter in Biddeford Pool near Cape Porpoise (after 1820 the State of Maine) in 1616. The Puritans , arrived at Plymouth in 1620. This was the second permanent English colony in the part of North America that later became the United States, after the Jamestown Colony . The "First Thanksgiving" was celebrated by the Puritans after their first harvest in the " New World " and lasted for three days. They were soon followed by other Puritans, who colonized
10165-682: Was a symbol of spiritual and political power and privilege." In the 16th century, the Seventeen Provinces were the center of free trade, imposing no exchange controls , and advocating the free movement of goods. Trade in the East Indies was dominated by Portugal in the 16th century, the Dutch Republic in the 17th century, and the British in the 18th century. The Spanish Empire developed regular trade links across both
10272-623: Was an alliance of trading cities that maintained a trade monopoly over most of Northern Europe and the Baltic , between the 13th and 17th centuries. Portuguese explorer Vasco da Gama pioneered the European spice trade in 1498 when he reached Calicut after sailing around the Cape of Good Hope at the southern tip of the African continent. Prior to this, the flow of spice into Europe from India
10379-570: Was controlled by Islamic powers, especially Egypt. The spice trade was of major economic importance and helped spur the Age of Discovery in Europe. Spices brought to Europe from the Eastern world were some of the most valuable commodities for their weight, sometimes rivaling gold . From 1070 onward, kingdoms in West Africa became significant members of global trade . This came initially through
10486-642: Was dotted with high-tech companies who recruited graduates of the area's many elite institutions of higher education. In 1987, the state received federal funding for the Central Artery/Tunnel Project. Commonly known as "the Big Dig ", it was, at the time, the biggest federal highway project ever approved. The project included making the Central Artery , part of Interstate 93 , into a tunnel under downtown Boston, in addition to
10593-416: Was followed within a few years by the infant industry scenario developed by Mill promoting the theory that the government had the duty to protect young industries, although only for a time necessary for them to develop full capacity. This became the policy in many countries attempting to industrialize and out-compete English exporters. Milton Friedman later continued this vein of thought, showing that in
10700-498: Was greatest in this material. Networks were in existence at around 12,000 BCE Anatolia was the source primarily for trade with the Levant, Iran and Egypt according to Zarins study of 1990. Melos and Lipari sources produced among the most widespread trading in the Mediterranean region as known to archaeology. The Sari-i-Sang mine in the mountains of Afghanistan was the largest source for trade of lapis lazuli . The material
10807-748: Was in existence for at least 3,000 years, where its peak production was from 2000 BCE to 500 CE, older than the Silk Road in mainland Eurasia and the later Maritime Silk Road . The Maritime Jade Road began to wane during its final centuries from 500 CE until 1000 CE. The entire period of the network was a golden age for the diverse societies of the region. Sea-faring Southeast Asians also established trade routes with Southern India and Sri Lanka as early as 1500 BC, ushering an exchange of material culture (like catamarans , outrigger boats , sewn-plank boats, and paan) and cultigens (like coconuts , sandalwood , bananas , and sugarcane ); as well as connecting
10914-560: Was most largely traded during the Kassite period of Babylonia beginning 1595 BCE. Adam Smith traces the origins of commerce to the very start of transactions in prehistoric times. Apart from traditional self-sufficiency , trading became a principal faculty for prehistoric people, who bartered what they had for goods and services from each other. Anthropologists have found no evidence of barter systems that did not exist alongside systems of credit. The earliest evidence of writing in
11021-545: Was originally inhabited by tribes of the Algonquian language family , including Wampanoag , Narragansett , Nipmuc , Pocomtuc , Mahican , and Massachusett . While cultivation of crops like squash and corn were an important part of their diet, the people of these tribes hunted , fished , and searched the forest for most of their food. Villagers lived in lodges called wigwams as well as longhouses . Tribes were led by male or female elders known as sachems . In
11128-556: Was replaced with the Rose Fitzgerald Kennedy Greenway . The project also improved traffic conditions along several routes. The Kennedy family was prominent in 20th-century Massachusetts politics. The children of businessman and ambassador Joseph P. Kennedy Sr. included John F. Kennedy , who was a senator and U.S. president before his assassination in 1963; Ted Kennedy , a senator from 1962 until his death in 2009; and Eunice Kennedy Shriver ,
11235-706: Was the siege of Boston in the winter of 1775–76, after which the British were forced to evacuate the city. The event is still celebrated in Suffolk County only every March 17 as Evacuation Day . On the coast, Salem became a center for privateering . Although the documentation is incomplete, about 1,700 letters of marque , issued on a per-voyage basis, were granted during the American Revolution. Nearly 800 vessels were commissioned as privateers, which were credited with capturing or destroying about 600 British ships. Bostonian John Adams , known as
11342-720: Was the only Republican to serve as Speaker between 1931 and 1995), John W. McCormack , Speaker of the House in the 1960s, and Tip O'Neill , whose service as Speaker of the House from 1977 to 1987 was the longest continuous tenure in United States history. On May 17, 2004, Massachusetts became the first state in the U.S. to legalize same-sex marriage . This followed the Massachusetts Supreme Judicial Court 's decision in Goodridge v. Department of Public Health in November 2003, which determined that
11449-674: Was transformed into a manufacturing center during the Industrial Revolution . Before the American Civil War , the state was a center for the abolitionist , temperance , and transcendentalist movements. During the 20th century, the state's economy shifted from manufacturing to services ; and in the 21st century, Massachusetts has become the global leader in biotechnology , and also excels in artificial intelligence , engineering , higher education , finance , and maritime trade . The state's capital and most populous city , as well as its cultural and financial center ,
#543456