Emergence of the Global Economy Mr. Ermer World History Honors Miami Beach Senior High

The Global Economy Mercantilism: it held that the prosperity of a nation depended on a large supply of gold and silver Columbian Exchange: great exchange of animals, plants, people b/w Old & New Worlds Other Europeans want in on what Spain and Portugal have Portugal replaces Italy as main trade port of Europe Spain grows rich with American silver and gold England est. trade with India, Dutch East India Co. follows

Growth of the Atlantic System

Battle for the East England, France, and the Netherlands compete for dominance of the Indian Ocean and India itself Dutch East India Company establishes bases for the Netherlands in the “Spice Islands,” gaining huge profits British East India Co. establishes series of trading bases along Indian coast Take Indian cotton east, pick up spices, take spices to Britain France takes a few forts in India, eventually forced out by British

The Atlantic Slave Trade Triangular Trade Middle Passage Europeans don’t seek African colonies, only slaves Africans sell other Africans to European slave traders Slaves work on plantations in the Americas Down period for “seasoning” The Plantocracy Slaves work under harsh conditions: Specialized labor gangs Long hours Cruel punishment at hands of planters and slaver drivers

Chapter 11, Lesson 2 On page 203, write and answer questions 1-5