Chapter 6 - Economic TRanformation Flashcards

1
Q

What sparked Europe’s interest in Indian Ocean trade?

A

Demand for tropical spices like pepper, cloves, and cinnamon.

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2
Q

Why Europeans wanted to bypass Venetian and Muslim traders?

A

To avoid their control of the trade

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3
Q

How did Europe’s trade deficit drive exploration?

A

They needed gold and silver to buy Asian goods.

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4
Q

What was Vasco da Gama’s key achievement?

A

Found a sea route to India (1497–1499).

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5
Q

Who was Prester John?

A

A mythical ally against Islamic powers.

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6
Q

How did the Portuguese establish control of the trade in the Indian Ocean?

A

By setting up fortified trading posts and using military force to dominate key trade routes.

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7
Q

How did Portuguese interactions in the Indian Ocean differ from those in the Americas?

A

In the Indian Ocean, they integrated into existing trade networks, while in the Americas, they colonized land and exploited resources directly.

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8
Q

What goods drove Portuguese expansion in the Indian Ocean?

A

spices like pepper, nutmeg, and cloves

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9
Q

How did Spain establish control in the Philippines?

A

Through colonization and converting locals to Christianity

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10
Q

What role did Manila, Philippines play in global trade?

A

central point for silver and goods exchange between Asia and the Americas.

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11
Q

How did Spain’s approach in the Philippines differ from Portuguese actions in the Indian Ocean?

A

Spain focused on land-based colonization and Christianization, while Portugal relied on naval power and trade posts.

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12
Q

How were the both British and Dutch East India Companies organized?

A

private companies with state support

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13
Q

How did the Dutch and British East India Companies differ in their strategies

A

The Dutch (bloodshed) used military force to dominate trade routes, while the British (bribe)negotiated with local rulers

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14
Q

What part Dutch East Indian Company focused on?

A

Indonesia

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15
Q

What part British East India Company focused on?

A

India

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16
Q

What goods Dutch East India Company and British East India Company focused on?

A

Dutch - Spices - nutmeg, mace, clover
British - pepper, indian cotton textile.

Later, both started to deal with tea and coffee

17
Q

Japan and European Traders 1450-1750

A

First, Japan was fractioned and fight with each other and European traders were welcome and bunch of people converted to Christianity.

Then Japan united and Europeans were seen as a threat. Christians were expelled, Japanese were forbidden to travel and most traders were banned (except Dutch at a single town)

18
Q

Who dominated Indian Ocean trade despite European presence?

A

Chinese dominated spice trade between Southeast Asian and China.

Other southeast asian merchants were also there, many of them women

19
Q

How did Indian family firms effected the trade?

A

They controlled trade in India and provided high-interest loans to Europeans

20
Q

Where was majority of silver produced?

A

Spanish America

21
Q

Why did China become central to the silver trade?

A

Tax reforms requiring silver payments ( –> increased commercialization and regional specialization —> deforestation)

22
Q

What was the significance of Potosí in Bolivia?

A

A major silver mining city, it became one of the largest cities globally

23
Q

How did Spain handle its silver wealth?

A

rich crown, rigid economy, inflation, poverty, crisis

24
Q

How did Japan benefit from silver profits?

A

Japan united under Tokugawa shogun

economy growths, protecting forest

25
Q

Which European nations were most active in the North American fur trade?

A

The French, British, and Dutch

26
Q

What environmental impact did the fur trade have in North America?

A

Near extinction of beavers, habitat loss, and significant declines in deer populations.

27
Q

How did the fur trade affect Native American societies?

A

It caused disease, dependence on European goods, intensified warfare, and disrupted traditional hunting practices.

28
Q

How did the Russian fur trade differ from North America’s?

A

Russia imposed a fur tax on Siberian natives, used hostages to enforce payments, and had private Russian trappers competing directly with indigenous hunters.

29
Q

What were the main consequences of the fur trade for Siberian natives?

A

Disease, dependency on Russian goods, loss of land, and depletion of fur-bearing species

30
Q

Why was Africa the primary source of enslaved labor for the Americas?

A

Africans were skilled farmers, resistant to diseases, non-Christian, geographically accessible, and available in large numbers

31
Q

How did Europeans and Africans participate in the transatlantic slave trade?

A

Europeans waited on a African coast , while African merchants and political elites captured and sold slaves

32
Q

Who were most commonly enslaved (in Africa)?

A

often outsiders, such as prisoners of war, criminals, or debtors.

33
Q

What were the primary destinations of enslaved Africans?

A

The majority were sent to Brazil and the Caribbean, with smaller numbers to mainland North and Spanish America.

34
Q

What drove the peak of the transatlantic slave trade?

A

Labor demands on plantations in the Americas, particularly between 1700 and 1850.

35
Q

What was Palmares, and why was it significant?

A

Palmares was a maroon settlement in Brazil, housing over 10,000 people, including escaped slaves, Native Americans, and others.

36
Q

What factors led to the decline of the transatlantic slave trade?

A

the trade grew rapidly due to plantation expansion, peaking in the 18th century, but declined sharply after 1850 due to abolitionist movements and changing economic systems.

37
Q

What is abolitionist movement?

A

The abolitionist movement was a political and social movement that sought to end slavery in the United States

38
Q

Consequences of the Slave Trade in Africa

A
  • slowed population growth in Africa
  • economic stagnation
    -increased demand for women’s labor
  • men marrying multiple women
39
Q

Economic Globalization Then vs now

A

Similarities
- Global circulation of goods like textiles, spices, and silver
- Emergence of international currency and markets
- Private enterprises operating on a global scale

Differences
- Scale and speed: Far fewer goods and slower communication.
- Reliance on preindustrial technologies (e.g., muscle, wind, water).
- Economic systems tied to slavery and empire-building.