THE COLUMBIAN EXCHANGE

The Columbian Exchange was the transfer of During the colonization of the Americas FOOD, PLANTS, ANIMALS, DISEASES

It was called the Columbian Exchange because it started with Both Europeans & Native Americans were introduced to new foods & animals During the colonization of the Americas COLUMBUS

From America to Europe: CORN, POTATOES, SQUASH, TOMATOES, TURKEY, TOBACCO, PINEAPPLES

From Europe to America: BANANAS, WHEAT, RICE, HORSES, PIGS, SUGAR, GRAPES

THE COMMERCIAL REVOLUTION

The Commercial Revolution refers to changes in that began around the and continued on through the Age of Exploration It the economies of Europe TRADE & BUSINESS 1400’s TRANSFORMED

CAPITALISM One aspect of the Commercial Revolution was the of capitalism Capitalism: economic system based on ownership and of wealth for profit GROWTH PRIVATE INVESTMENT

CAPITALISM Due to overseas colonization and trade, were no longer the sole owners of wealth – so too were Merchants formed a new type of business= Company Joint-stock company – involved a number of people pooling their wealth Required large amounts of - needed a number of investors Investors their money in hopes of large profits Capitalism came to be known as the GOVERNMENTS/NOBLE S MERCHANTS JOINT- STOCK INVESTORS CAPITAL FREE ENTERPRISE SYSTEM RISKE D

MERCANTILISM Mercantilism: economic theory that a country’s power depended on its Under mercantilism a country needed colonies to provide wealth: materials (wood, furs) to make goods Colonies were & Goal under mercantilism – become It was important to have a good (sell) more than (buy) WEALTH SILVER & GOLD RAWFINISHED SUPPLIER S MARKETS SELF- SUFFICIENT BALANCE OF TRADE EXPORT IMPORT