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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What is the role of Sangam in the trade development of ancient Tamilnadu? - Commerce

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Question

What is the role of Sangam in the trade development of ancient Tamilnadu? 

Short Note

Solution

Trade-in Sangam period was both internal and external. It was conducted by means of barter (Pandamattru). Honey, roots, fruits, cattle, and paddy served as a medium of exchange for a certain period. Sangam work refers to great traders, their caravans, their security force, markets, marts and guilds of such traders. There was dependence and interdependence among the people in matters of trade and commerce. Coins were used later for the purpose of exchange of goods. 

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Historical Background of Commerce in the Sub-continent
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Chapter 1: Historical Background of Commerce in the Sub-Continent - Exercises [Page 9]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 1 Historical Background of Commerce in the Sub-Continent
Exercises | Q III. 3. | Page 9
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