1. COLUMBIAN EXCHANGE & GLOBAL TRADE Unit 4, SSWH 10 b

2. SSWH 10 B Describe the Columbian Exchange, & it economic impact, and cultural impact.

3. Columbian Exchange : 1500s – 1700s
Global transfer of foods, plants, & animals during the colonization of the Americas
Ships from the Americas brought back a wide array of items to Europe, Asia, & Africa

4. Important Items: corn & potatoes – these foods became a part of the diets around the world (boost population)
Europeans sent goods to the Americas (west): livestock – horses, cattle, sheep, & pigs
Foods from Asia & Africa

5. Tragic impact: Native Americans – millions died from diseases brought by colonist

6. Global Economic Impact
Establishing colonies influenced European nations wealth
Capitalism: an economic system based on private ownership & investment of resources
Individuals profiting from their investments & businesses flourished
Inflation occurred (an increase of money & the supply of goods went down but the demand still there = prices go up)

7. Joint Stock Corporation (investors buying shares in a company) = colonization ex. Jamestown
Mercantilism an economic policy under which nations sought to increase their wealth & power by obtaining large amounts of gold & silver – by selling more goods than they bought.
Nation’s goal was to become self- sufficient, not depend on other countries for goods

8. Cultural Impact
Colonies: merchants grew in wealth & socially, colonies grew but had no power
Europe: few grew socially (only investors)