Global Economic Systems Chapter 17 Lesson 2 Effects

Global Economic Systems Chapter 17 Lesson 2

Effects of Expansion Destruction of local cultures New goods being traded Trade empires using colonies in new territories Creation of the slave trade

Limited amount of money in the world Gold and silver (bullion) = power and prosperity Favorable balance of trade important Difference between exports and imports Exports > Imports Mercantilism

Government involvement Gave money (subsidized) new businesses Funded roads, bridges, canals Tariffs (taxes) on exports Mercantilism

New plants, animals, and diseases introduced to Europe and Americas Part of massive trade network Columbian Exchange

Plants and Animals Horses Potatoes Tobacco Cattle Wheat Tomatoes Oranges Sugar Old World New World

New plants, animals, and diseases introduced to Europe and Americas Part of massive trade network Effects of Exchange Population growth across the world European diseases devastate Native American populations Columbian Exchange

Primarily due to sugarcane Not enough natives for labor Increased demand for African slaves Mainly from African coasts Supporters and critics Slaves became part of Triangular Trade Atlantic Slave Trade

Europe Raw Goods (Tobacco, Molasses, Sugar, Cotton) Manufactured Goods: Guns and Cloth Triangular Trade Americas Enslaved Africans Africa

Effects of the Slave Trade Depopulation in African states Increased warfare Continued use of African labor