Historical Globilization Flashcards
what happened during the Columbian exchange
people moved from the old world (Europe) to the new world (America) and brought all of their stuff with them, including culture, animals, ways of life and diseases
what was the biggest factor in Europeans dominating the new world
disease
how did technology benefit the Europeans in imperialism
it got them to the new world and allowed them to defend themselves in a superior manner due to the further advancement of their weapons than those within the places they were conquering
whats imperialism
one country taking over another through the use of superior technology, power and military for some sort of gain
who were the first imperialists
Spanish and Portuguese
what is the treaty of Tordesillas and why was it created
- split the world into east and west sections so that the Spanish have one side and the Portuguese get the other
- created by a pope because he didn’t want Christina nations to go to war against each other
why did European countries want to take over the whole world
because of trade
what happened in the Columbian trade
huge exchange of agricultural goods occurs causing people to become rich, inventing them to continue, resulting in the desire for more land
when did the first stage of imperialism start and what is it referred to
took off in the 1800s and is referred to as old imperialism
what is mercantilism
set of economic policies pursued by governments designated to increase a country’s wealth by creating a favourable balance of trade
what was the motivation and goal behind mercantilism
wealth and power with the goal to strengthen the state and build overall national wealth
how did mercantilism work
colonies become economically dominated by single companies and help countries get access to markets and raw materials required to maintain a favourable balance of trade while governments strictly controlled trade to ensure that their own market was favoured through tariffs and other policies
who were the most successful imperialists
France and Britain
how do mercantilism and imperialism work together
colonies provide raw materials to the parent country for the growth and profit of that country’s industries
what type of system are mercantilism and imperialism viewed as and why
a one-way system because colonies send resources to parent country where they turn them into products and sell them to the colonies
how was mercantilism used in the British empire
British implemented acts within America to turn it into a monopoly and keep American markets captive within their system
what was one of the most significant causes of the American revolution
dissatisfaction with the British mercantilist system and the colonial restrictions in place
when did the industrial revolution mainly take place
between the 18th and 19th centuries
where did the industrial revolution start and how did it spread
started in England and moved around Europe first before going to the Americas and throughout all of the British colonies around the world, with Africa being imperialized last
what are the three factors of production
land, labour and capital
what is land as a factor of production
all resources available including the land and everything that comes with it
what is labour as a factor of production
all human endeavours including mental and physical abilities as well as ideas
what is capital as a factor of production
all human creations that help produce wealth
what did Eli Whitney come up with and what did it do
the cotton gin which was a machine to separate seeds from cotton
what did James watt come up with
steam engine
what did Jethro Tull come up with and what did it do
seed drill that allowed people to grow a lot more food with a lot less labour
how did the creation of technology allow for a globalized economy
it improved transportation methods so that more cargo could be transported to many different places at a faster pace
what is urbanization, why did it occur and what problems did it cause
when people move to the cities to get jobs because that’s where most jobs are located, resulting in cities growing too fast which increased crime and pollution greatly
why was child labour used in the industrial revolution
there was a lot of stuff to be made so people wanted all the labour possible, putting the children’s health at risk and making it so that they could not get an education
what is capitalism
economic system based on the private ownership of the factors of production
what are the 3 laws of economics
self interest, competition, supply and demand
what is the law of self interest
people who work for their own good
waht is law of competiiton
competition forces people to make a better product
what is the law of supply and demand
goods would be produced at the lowest possible price to meet demand