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UNIT 5 Chapter 20 – The Atlantic World
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SECTION 1 SECTION 3 SECTION 4 Spain Builds an American Empire The Atlantic Slave Trade The Columbian Exchange and Global Trade Europeans explore and colonize the Americas, disrupting native civilizations, and build the slave trade to support plantations in the New World. Christopher Columbus, Spanish explorer, as young man.
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CORE OBJECTIVE: Examine the era of European exploration and how it impacted the region. o o Objective 5.3: Describe the scope and impact of the Columbian Exchange. THEME: The countries of Europe will discover new lands in the Americas and try to increase their power and wealth by controlling those territories.
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The colonization of the Americas introduces new items into Eastern and Western hemispheres. CHAPTER 20 SECTION 4
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It is the global transfer of food, plants, animals Corn, potatoes from Americas become crops in Eastern Hemisphere Corn, potatoes from Americas become crops in Eastern Hemisphere New animals, plants introduced by Europeans take hold in Americas New animals, plants introduced by Europeans take hold in Americas European diseases kill millions of Native Americans European diseases kill millions of Native Americans
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The Rise of Capitalism Wealth from Americas, growth of trade changes business in Europe Wealth from Americas, growth of trade changes business in Europe New economic system forms from Atlantic trade: capitalism — based on private property, profit New economic system forms from Atlantic trade: capitalism — based on private property, profit Increase in business leads to inflation — rising prices—in Europe Increase in business leads to inflation — rising prices—in Europe Hauls of gold, silver from Americas cause high inflation in Spain Hauls of gold, silver from Americas cause high inflation in Spain
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GOAL: I want to get rich and build a business PROBLEM: How do I get a ship, crew, and supplies to go to the America’s and start my business? ANSWER: Joint-Stock Companies Joint-stock company lets investors share risk, profits of sending ships to new American lands Joint-stock company lets investors share risk, profits of sending ships to new American lands These companies help fund colonies in America These companies help fund colonies in America
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Policy of mercantilism emphasizes national wealth as source of power One way for nation to increase wealth: gather gold, silver One way for nation to increase wealth: gather gold, silver Favorable balance of trade when nation sells more goods than it buys Favorable balance of trade when nation sells more goods than it buys Colonies provide raw materials that home country uses to make goods Colonies provide raw materials that home country uses to make goods
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VIDEO REVIEW! Crash Course: The Columbian Exchange o https://www.youtube.com/watch?v=HQPA5oNpfM4 https://www.youtube.com/watch?v=HQPA5oNpfM4 Crash Course: Atlantic Slave Trade o https://www.youtube.com/watch?v=dnV_MTFEGIY https://www.youtube.com/watch?v=dnV_MTFEGIY
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