First Global Economic Systems

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Presentation transcript:

First Global Economic Systems What are the effects of political and economic expansion?

Trade, Colonies, and Mercantilism Guiding Question: What economic theories were put into practice during the age of exploration? In less than 300 years, the European age of exploration changed the world. In some areas, such as the Americas, it led to the destruction of local cultures and the establishment of European colonies. In others, such as Africa and mainland Southeast Asia, it left native regimes intact but had a strong impact on local societies and regional trade patterns.  European expansion affected Africa with a dramatic increase in the slave trade, which became a key part of European trade. European colonial expansion around the world produced a great increase in European trade. This growth was one of the first steps in the development of the world economy. The nations of Europe were creating trading empires, causing dramatic shifts in the economies and cultures of the Americas, Africa, and Asia. Mercantilism - a set of principles that dominated economic thought in the seventeenth century; it held that the prosperity of a nation depended on a large supply of gold and silver Would grant subsidies which would improve import/exports.

The Columbian Exchange Guiding Question: How did the Columbian Exchange affect the Americas and Europe? A major goal of European exploration was to gain wealth.  sought to increase their wealth by exploiting sources of precious metals and raw materials in their colonies.  tried to build wealth by increasing exports of goods from producers at home to colonial markets overseas.  All of this economic activity created an immense trade network.  The resulting exchange of plants and animals between Europe and the Americas is known as the Columbian Exchange. This name recognizes the explorer Christopher Columbus’s key role in bringing Europe into contact with the Americas. This complex process had far-reaching results, both good and bad, on peoples around the world.

Colonization and trade drove the Columbian Exchange. Colonists established plantations to grow sugar, cotton, vanilla, and other crops introduced to the Americas.  Colonists established ranches where they raised livestock brought from Europe. Much of what the colonists grew and raised was exported to Europe. Europeans brought such plants and animals as wheat, citrus fruit, honeybees, horses, and cattle to the Americas. Agricultural products native to the Americas, such as potatoes, cocoa, corn, tomatoes, and tobacco, were shipped to Europe. Thus, we see an exchange of goods to and from the Americas. The exchange of plants and animals between Europe and the Americas transformed economic activity on both sides of the Atlantic.

European Rivals in the East Guiding Question: How did the nature of European exploration change by the seventeenth century? The Spanish and Portuguese were not the only European trading powers. The Dutch, English and French also expanded their activities into Asia and the Americas. (remember last slides.)

The Atlantic Slave Trade Guiding Question: How did European expansion affect Africa and the slave trade? European expansion led to a dramatic increase in the slave trade. Traffic in enslaved people was not new.  As in other areas of the world, slavery had been practiced in Africa since ancient times. However, the demand for enslaved Africans increased with the European settlement of the Americas in the 1490s and the planting of sugarcane there. Plantations were established in the 1500s along the coast of Brazil and on Caribbean islands to grow sugarcane.  Growing cane sugar demands many laborers. Already devastated by European diseases, the surviving population of Native Americans could not supply the labor needed.  So enslaved Africans were shipped to the Americas to relieve a labor shortage on plantations.

In 1518 a Spanish ship carried the first enslaved Africans directly from Africa to the Americas. The triangular trade functioned as follows: European merchant ships carried European manufactured goods, such as guns and cloth, to Africa where they were traded for enslaved people. The enslaved Africans were then sent to the Americas and sold. European merchants then bought tobacco, molasses, sugar, and raw cotton in the Americas and shipped them back to Europe. As a result of this triangular trade, as many as 10 million enslaved Africans were brought to the Americas between the early sixteenth century and the late nineteenth century. Their journey from Africa to the Americas became known as the Middle Passage, the middle portion of the triangular trade route. Many enslaved Africans died on the journey. Those who survived often died from diseases to which they had little or no immunity. Death rates were higher for newly arrived enslaved Africans than for those born and reared in the Americas. 

Sources of Enslaved Persons Before Europeans arrived in the fifteenth century, most enslaved persons in Africa were prisoners of war.  Europeans first bought enslaved people from African merchants at slave markets in return for gold, guns, or other European goods.  Local slave traders first obtained their supplies of enslaved persons from nearby coastal regions.  As demand grew, they had to move farther inland to find their victims. Local rulers became concerned about the impact of the slave trade on their societies. Local rulers who traded in enslaved people viewed the slave trade as a source of income. Many sent raiders into defenseless villages.

Effects of the Atlantic Slave Trade The slave trade was a tragedy for the victims and their families.  The slave trade depopulated some areas and deprived many African communities of their youngest and strongest men and women. The desire of slave traders to provide a constant supply of enslaved persons increased warfare in Africa.  Slavery occurred until the late 1860s.

Colonial Latin America What are the effects of political and economic expansion?

Colonial Empires in Latin America Peninsulares: a person born on the Iberian Peninsula; typically, a Spanish or Portuguese official who resided temporarily in Latin America for political and economic gain and then returned to Europe Creoles: a person of European descent born in Latin America and living there permanently Mestizos: a person of mixed European and Native American descent Mulattoes: a person of mixed African and European descent Africans/Natives: slaves and indigenous peoples. Guiding Question: What were the social characteristics of colonial Latin America?