Foreign Trade
The economic prosperity of the Tamils depended on foreign trade. Literary, archaeological and numismatic sources confirm the trade relationship between Tamilakam and Rome, where spices and pearls from India were in great demand. With the accession of Augustus in 27 BCE, trade between Tamilakam and Rome received a tremendous boost and culminated at the time of Nero who died in 68 CE. At that point, trade declined until the death of Caracalla (217 CE), after which it almost ceased. It was revived again under the Byzantine emperors. Under the early Roman emperors, there was a great demand for articles of luxury, especially beryl. Most of the articles of luxury mentioned by the Roman writers came from Tamilakam. In the declining period, cotton and industrial products were still imported by Rome. The exports from the Tamil country included pepper, pearls, ivory, textiles and gold ornaments, while the imports were luxury goods such as glass, coral, wine and topaz. The government provided the essential infrastructure such as good harbours, lighthouses, and warehouses to promote overseas trade.
Read more about this topic: Economy Of Ancient Tamil Country
Famous quotes related to foreign trade:
“I sincerely hope that the incoming Congress will be alive, as it should be, to the importance of our foreign trade and of encouraging it in every way feasible. The possibility of increasing this trade in the Orient, in the Philippines, and in South America is known to everyone who has given the matter attention.”
—William Howard Taft (1857–1930)