What was the impact of European exploration around the world in the 1500’s?

I. AFRICA

A. Exploited the people and resources of Africa: 1.Trading posts were set up on the coast of Africa 2.The land and resources (gold, diamonds, etc.) were taken over. 3.The people were sold into slavery.

B. What European influences can be found in Africa even today?

II. ASIA

A. Europeans set up trading posts along the coast of Southern Asia. B. Trading companies owned by the Portuguese, Dutch, and British controlled the trade in Southeast Asia.

Why didn’t the Asians get EXPLOITED the same way as the Africans? ► Strong Empires  Ming (China) Tokagawa (Japan) ► Practiced a policy of isolationism ► Kicked out foreigners (missionaries) ► Dutch were allowed to trade in one Japanese port ► Only allowed to have a trading port in one city in China ► Luxurious goods that were in high demand  Silk, porcelain, paper, compass

III. The Americas

A. The people and resources of the Americas were exploited by the European explorers. 1. The Aztec and Inca Empires were destroyed. 1. Entire native populations in the Caribbean (i.e. the Caribs) went extinct 2. European colonies were established.

B. The settlement of the Americas by Europeans resulted in an exchange of products and resources between the Eastern and Western Hemisphere.

C. Columbian Exchange: This exchange of products, ideas, people, and resources between the Eastern and Western Hemisphere.

D. Impacts of the Colombian Exchange

1. European and cattle changed the lifestyles of American Indians 2. Western hemisphere products such as changed European lifestyles. 3. Shortage of labor to grow cash crops led to the use of African slaves.

4. European diseases like smallpox killed many Native Americans.

E. Other effects of European exploration and settlement: 1. MERCANTILISM: - economic practice adopted by ALL European Colonial Powers in an effort to become self- sufficient. -goal: export > import -colonies existed ONLY to benefit mother country -key to power was gold and silver -CASH CROPS brought more wealth to the mother country

2. Competition for overseas a. Colonies b. Resources c. Markets

3. Commercial Revolution a. Monarchs initially paid for exploration and colonization…they made bank $$$ b. JOINT-STOCK Co. (Dutch)-individual capitalists/investors combine $ sharing the risk and rewards($) example: Jamestown 1607 c. England leads the way… -trading companies -new money and banking systems -mercantilism -limited local economic development (It was ALL about the MOTHERCOUNTRY.)