9781422281192

Atlantic and Pacific ports had to pass through the Strait of Magellan, a dangerous route near the southern tip of South America. Now, as with the opening of the Suez Canal, ships could cut weeks of travel time and thousands of miles off their journeys. Trade Goes Up and Over It is 1947. A twin-engine, propeller-driven transport plane is crossing the Mediterranean Sea, delivering a supply of prized cotton yarn from Egypt to a textile firm in Great Britain. Below, a merchant ship steams westward, bound for the Strait of Gibraltar and the open Atlantic beyond.

In 1927, Charles Lindbergh made the first airplane crossing of the Atlantic Ocean. By proving it could be done, his epic flight inspired investors to put millions of dollars into international air commerce ventures.

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The Global Community: Techniques and Strategies of Trade