Columbian Exchange (the global diffusion of plants, food crops, animals, human populations, and disease pathogens that took place after the voyages of Columbus and the other European mariners)

From Old World to New World –wheat -typhus –sugar -measles –bananas -smallpox –rice -chickens –grapes -sheep –horses -cattle –pigs

From New World to Old World –corn -pineapple –potato -cocoa –beans -tobacco –peanuts -chili pepper –squash -avocados –pumpkin -tomatoes –quinine (a medicine for malaria) –turkey

Capitalism –An economic system based on private ownership –Governments were no longer the sole owners of wealth Joint Stock companies –A number of people combining their wealth for a common purpose Investing in stocks Mercantilism –Power equals wealth –Every country’s goal is to get wealth

Mercantilism (cont.) –Balance of trade Obtain gold and silver Sell more goods than you buy –Which is known as a favorable balance of trade –Ultimate goal is to become self- sufficient –Helped along by colonization

Questions?