Africa to the New World Gold and Silver Trade

Download 5.25 Kb.
Date conversion03.05.2016
Size5.25 Kb.
3.2 Brewing up a Storm

  • Slave Trade

    • Africa to the New World

  • Gold and Silver Trade

  • Drug Food Trade

    • Coffee, Tea, Sugar, Chocolate, Tobacco, and Opium

    • Only of the three trades to last after the industrial revolution

  • Most luxury goods went to Europe

  • Most of the goods were cheap enough for the majority of the population

    • Many crops were grow in the New World (regardless of origin)

    • Plantation and slave labor was cheap here

  • Tea

    • The only production that never came to the New World

    • Was a peasant crop in Asia

    • Was not under Western control for 400 years

    • National drink of England

    • Originated in China in A.D. 600 and spread to Japan and Korea

      • 1st exported by Buddhist monks

      • Fueled Medieval China's commercial revolution

      • Drank prestigiously

      • Sold to the Mongols, Eleuths, Turks and others, in exchange for war houses

      • Chinese government tried to create a state monopoly on tea

        • Tea prices crashed after the government attempted to control production

        • Government stepped back and began regulating trade instead of running it

    • Was exported to Russia, India, and the Middle East

    • Was a crime to take tea pants out of China

    • China was the main producer of tea until the nineteenth century

    • Was originally used by West Europeans as medicine

    • 1693- English imported less than 1/10 of an ounce per person

    • 1793-English imported over a pound per person

      • A 40,000% raise

      • Sugar became more available around this time to sweeten tea

      • Jobs became more tedious and workers needed caffeine to keep them going

      • Replaced gin and beer as England's national drinks

      • Import expenses became high so England attempted to find a good to trade with China, instead of silver, in exchange for the tea

      • Opium was traded with China for tea

    • 1827- tea plants were brought to Java (Dutch)

    • 1877- tea plants brought to Ceylon (British)

    • 1839- Assam Tea Company began in Assam India

    • Assam Tea Clearance Act (1854)- Allowed European planters 3,000 acres in exchange for growing tea

        • Growers and the indigenous people did not get along due to property feuds

    • The West finally was able to control enough tea production to outweigh their demand of it

The database is protected by copyright © 2016
send message

    Main page