Daniel Rocha <danieldi...@gmail.com> wrote:

Maybe they should research how Europe traded with Asia before the telegraph.

Exactly! That was a similar situation in the 17th and early 18th century,
where trade took a year or two for anything to happen. The European trade
with Japan was awkward to conduct. Very profitable, but awkward.

By the late 18th can 19th centuries ships were much faster and safer.

In the 16th century there was a kind of reverse life-insurance offered to
people going to Asia and the Americas. I recall a reference to it in one
of Shakespeare's plays. You pay some amount to a broker. If you manage to
return within 10 years, the broker pays you back far more than you paid in.
The expectation was that you would not return.

- Jed

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