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

2. 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

4. Growth of the Atlantic System

6. 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

8. 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

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