The Columbian Exchange and Global



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World History 4.4

The Columbian Exchange and Global


Drill: Triangular trade & Middle passage

Triangular trade: goods/ Africa, slaves/ Americas, sugar, coffee, and tobacco/Europe Middle passage: Africans were transported along the middle leg of the triangular trade routes.

Objectives: Students will be able to explain the Columbian Exchange by identifying the aspects of the Commercial Revolution.

Notes:

1. Colonization of Americas

Effects: introduction of new products and new diseases, changes in diet, death of millions of Native Americans

2. Establishment of colonial empires, expansion of over -seas trade, increased wealth for many individuals and countries

Effects: rise of capitalism, rise of merchant class, growth of towns 3. Increased money supply, increased demand for goods Effects: scarcity of goods, rising prices

4. High cost of colonization & the need to reduce potential losses

Effects: establishment of Jamestown and other colonies in North America 5. Desire for power, wealth, self-sufficiency Effects: creation of colonial empires

6. Capitalism: economic system based on private ownership, investments, and profits 7. Favorable balance of trade: the selling of more goods than a nation buys 8.

8. Examples of the Columbia Exchange

chocolate, tomatoes, oranges, coffee, potatoes, and vanilla
Odds & Ends

1. The joint-stock company of the 1500s and 1600s was very similar to today's corporation.

2. European joint-stock companies of the 1500s and 1600s were founded for the purpose of starting colonies.

3. Mercantilism, a favorable balance of trade results when the value of the goods sold by a country exceeds the value of the goods bought by that country .

4. The Commercial Revolution in Europe took place after the establishment of colonial empires in the Americas.

5. As part of the Columbian Exchange, corn and potatoes were carried west across the Pacific Ocean for the first time.

6. As part of the Columbian Exchange, tobacco and tomatoes were carried east across the Atlantic Ocean for the first time

World History

4.4 The Columbian Exchange and Global

1. true

2. private

3. founding colonies 4. after

5. east across the Atlantic Ocean 6. east across the Atlantic Ocean 7. exceeds (is greater than)
B. Mercantilism was an economic theory and policy that held that a country's power depended mainly upon its wealth. The Colonies increased the wealth of the home country by providing gold and silver and other valuable raw materials that could not be found in the home country and by providing markets for the home country's goods.

Map

1. Potosi is located in Peru.

2. The city that was the last Western Hemisphere stop for precious metals being sent to Spain was Havana, Cuba.

3. The highest out put of precious-metals for New Spain was in 1790.

4. The value of precious metals from Peru decline between 1600 and 1700 by 3,500,000 pesos.

5. The journey of a load of silver from Potosi to Havana, would travel west to the Peruvian coast, be loaded onto ships, sail to modem-day Panama, be transferred across the narrow stretch of land to waiting ships, and finally sail on to Havana.

Summary: In today's lesson we explained the Columbian Exchange and identified the aspects of the Commercial Revolution.

Homework: Capitalism & Mercantilism

Capitalism: economic system based on private ownership, investments, and profits Mercantilism, a favorable balance of trade results when the value of the goods sold by a country exceeds the value of the goods bought by that country


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