A Brief hi iStory of in ternate al Business onai Pax romana The "Roman Peace"ensured that merchants were able to travel safely and rapidly on roads built, protected, and maintained by the Roman legions European Feudalism By delivering a portion of their earnings to a protector, medieval farmers were shielded from the depredations of outsiders While local economies were largely closed, East-West export /import trade thrived Copyright 2001 by Harcourt, Inc. All rights reservedCopyright © 2001 by Harcourt, Inc. All rights reserved. 2-3 A Brief History of International Business Pax Romana • The “Roman Peace” ensured that merchants were able to travel safely and rapidly on roads built, protected, and maintained by the Roman legions. European Feudalism • By delivering a portion of their “earnings” to a protector, medieval farmers were shielded from the depredations of outsiders. While local economies were largely closed, East-West export /import trade thrived