1. Ch. 3 Sec. 5 Effects of Global Contact

2. The Columbian Exchange The exchange of food, animals, and ideas that began with Columbus’s voyage to the Americas greatly affected the peoples of Europe, Asia, Africa, and the Americas. Europeans and Asians benefited from plants that were easy to grow and store such as the potato. Populations in Europe and Asia grew with the introduction of new foods. Europeans also introduced to Americas –Wheat, grapes, pigs, goats, chickens etc.

3. Columbian Exchange Horses brought by Europeans benefited the nomadic peoples of North America. Diseases were also exchanged and caused massive deaths.

4. Commercial Revoloution With the increasing profits from the American colonies, more money was available in Europe, which caused inflation. Capitalism (private ownership of business) grew with the success of the overseas colonies, and new business methods, such as joint stock companies, emerged. Manufacturers avoided the powerful guilds with the use of the “putting-out” system.

5. Mercantilism Arises Mercantilist nations wanted to export more than they imported. They strictly regulated trade with their colonies, which were not allowed to trade with other countries. Governments also imposed tariffs on imported goods. Rise of merchant class, majority of Europeans not affected for generations