Last Chapter Test!! Tomorrow

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Objectives Explain how European exploration led to the Columbian Exchange. Analyze the commercial revolution. Understand the impact of mercantilism on.
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Presentation transcript:

Last Chapter Test!! Tomorrow Chaps 14-15

Vocabulary Change! First Global Age: The Americas, Africa, Southeast Asia, East Asia Columbian Exchange Inflation Entrepreneurs Capitalism Joint Stock Company Mercantilism

The Columbian Exchange The exchange of people, plants, animals, technology, disease and other aspects of culture between the western and eastern hemispheres

New foods = population explosion

Migration of people to America Europeans slaves

The rapid increase of prices Inflation The rapid increase of prices

Inflation Increased population = more demand for goods = scarcity of goods Increased money in circulation = money is worth less

Takes financial risks to make a profit Entrepreneurs Takes financial risks to make a profit

Production is privately owned Capitalism Production is privately owned

Private company that sells shares to finance business ventures Joint Stock Company Private company that sells shares to finance business ventures

Mercantilism Policy by which a nation sought to export more than it imported in effort to build its supply of gold and silver

Mercantilism

Ways to Study! Chapters 14+15:+Study Guides Notes =First Global Age PP (Your Map!) =Conquest in the Americas PP =Spanish Colonies in the Americas PP =Africa =2 “study guides” (East Asia + SE Asia) =Today’s Terms 2 Crash Courses= Columbian Exchange+ Atlantic Slave Trade

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