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
- Slides: 12