Bell-Ringer Good Morning!  ~Pick up the worksheet from the front table. ~Complete the side, Re-teaching Activity “The Atlantic Slave Trade.” ~ Test Friday ! ~ ASP Saturday

“The Columbian Exchange and Global Trade” Chapter 20, Section 4 “The Columbian Exchange and Global Trade”

Columbian Exchange A. Columbian Exchange 1. global transfer of foods, plants, & animals during the colonization of the Americas a. from Americas to Europe, Asia, & Africa 1. tomatoes, squash, pineapples, tobacco, cacao beans 2. animals such as the turkey 3. corn and potatoes – most important a. provided Vitamins and minerals b. boosted world’s population b. from Europe & Africa to the Americas 1. horses, cattle, sheep, & pigs 2. bananas, black-eyed peas, & yams 3. wheat, rice, barley, & oats

Global Trade A. The Rise of Capitalism 1. economic system based on private ownership & the investment of resources, such as money, for profit a. led to increase in money supply, which led to inflation b. increase in demand for goods and services c. Increase in economic activity = an increase in many nations’ money supply 2. joint-stock Companies a. a number of people combining their wealth for a common purpose 1. took risks to colonize in the Americas 2. companies helped minimize the risks

The Growth of Mercantilism A. Mercantilism 1. belief that a country’s real power depended mainly on its wealth B. Balance of Trade 1. favorable balance of trade: a nation sold more goods than it bought C. Economic Revolution Changes European Society 1. The Good: a. towns & cities grew in size b. rise of a class of merchants c. Increased wealth of European nations d. Contributed to the creation of a national identity 2. The Bad: a. Majority of European citizens remained in rural areas b. majority of Europeans remained poor

Daily Essential Questions What was the Columbian Exchange? What was the economic policy of mercantilism?

Assignment: Using all of the notes we have talked about over the last 4 days, write a page response to the following prompt: Describe the benefits of European exploration and colonization for both Europeans AND Native Americans. Why are they benefits? Describe the negative results of European exploration and colonization for both Europeans AND Native Americans. Why are they negatives?