1. Global Economic Systems
Chapter 17 Lesson 2

2. Effects of Expansion Destruction of local cultures
New goods being traded
Trade empires using colonies in new territories
Creation of the slave trade

4. Mercantilism Limited amount of money in the world
Gold and silver (bullion) = power and prosperity
Favorable balance of trade important
Difference between exports and imports
Exports > Imports
Mercantilism

5. Mercantilism Government involvement
Gave money (subsidized) new businesses
Funded roads, bridges, canals
Tariffs (taxes) on exports
Mercantilism

6. New plants, animals, and diseases introduced to Europe and Americas
Part of massive trade network
Columbian Exchange

7. Plants and Animals
Old World
New World
Horses
Potatoes
Tobacco
Cattle
Wheat
Tomatoes
Oranges
Sugar

8. Columbian Exchange Effects of Exchange
New plants, animals, and diseases introduced to Europe and Americas
Part of massive trade network
Effects of Exchange
Population growth across the world
European diseases devastate Native American populations
Columbian Exchange

10. Atlantic Slave Trade Primarily due to sugarcane
Not enough natives for labor
Increased demand for African slaves
Mainly from African coasts
Supporters and critics
Slaves became part of Triangular Trade
Atlantic Slave Trade

11. Europe Americas Africa Triangular Trade
Raw Goods (Tobacco, Molasses, Sugar, Cotton)
Manufactured Goods: Guns and Cloth
Triangular Trade
Enslaved Africans

12. Effects of the Slave Trade
Depopulation in African states
Increased warfare
Continued use of African labor