EUROPE ON THE EVE OF A NEW WORLD ORDER Chapter 19

Economic Changes and the Persistence of the Traditional Order Population  Began to grow around 1750; pop. 120 million  By 1790 population grew to 190 million  Falling death rate due to end of bubonic plague Food  Improvements in farming methods increase output  The Colombian Exchange; potatoes and maize from America  Increased population due to improved diets

Economic Changes and the Persistence of the Traditional Order Industry  Textiles (wool & flax) most important product  Goods produced by the “putting-out” or “domestic” system; Large suppliers would divide product to be spun among small cottage industries  Sold finished good for profit; begin process over

Economic Changes and the Persistence of the Traditional Order Worldwide Trade  Merchants and traders dominant group in trade; not for long (bankers and industrialists  Overseas trade boomed while intra-European trade increased slightly  “Global Economy”; Europe, Africa, the Far East, and the American Continent  Gold & silver from Spanish American colonies

Economic Changes and the Persistence of the Traditional Order Worldwide Trade  Patterns of Trade  Gold & silver from Spanish American colonies  Western hemisphere plantations (slave labor) producing tobacco, coffee, cotton, & sugar to go to Europe  Triangular Trade; Africa, Europe, and the Americas  Britain emerged world strongest trading nation