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