Ch 16 The World Economy Flashcards
Where did Portugal expand?
Portugal: Henry the Navigator, along African coast, 1488:rounded cape of good hope, vasco de gama reaches India– Brazil, Africa, India, China, Japan, Indonesia
Where did Spain expand?
1492: Columbus sailed the ocean blue
Ferdinand Magellan- circumnavigation, world is round
– Philippines, Mexico, panama, s America
Who were the core countries?
France, England, Holland
What happened between the British and the Spanish in 1588?
With lighter faster ships British defeated Spanish Armada- power shift
The trading companies
(Dutch E. India Trading Co.) monopolies of trade, little supervision by gov., could raise armies, coin money> acted like independent government
The Columbian Exchange
Disease- no natural immunities, low pop 50-80% gone»
People- Atlantic slave trade
Food- potatoes, sweet potatoes, corn
Horses/cattle
What was the west’s commercial role?
The middle man
Mercantilism
Exports are most important- home production protected
What is a tariff?
Import tax
What happened to the countries under western colonization?
They became dependents- they supplied raw material, including slaves in exchange for guns
Mughal empire French/ British trading co.s are in control treaty of Paris- French give up canada/ Mississippi valley-1756
French/ British trading co.s are in control treaty of Paris- French give up canada/ Mississippi valley-1756; Calcutta black hole- Brit beat French
What does the spread of sugar forshadow?
Future w. Consumer behavior- quick satisfaction
What was the First World War and where was it fought?
7yrs war- Europe, India, n. America
What brung the world together?
Profit motive
What have Europeans an advantage at sea?
Deep- drought ships able to carry armaments, gunpowder> better guns/ cannons; compass, maps, astrolabe
