1. The Commercial Revolution The European World

2. Asian Trade Routes Asian trade routes had dominated global trade prior to 1500s, with West Asia acting as a “middle man” between east and west

3. Early Explorations in the East Europeans were motivated to head east in order to bypass West Asia

4. European Exploration of the Atlantic

5. What is the Columbian Exchange? / the global transfer of foods, plants, and animals during the colonization of the Americas

6. A Global Exchange / transformed the world

7. A Global Exchange / transformed the world / global transfer of: / plants / animals / disease / and especially food / transformed the world / global transfer of: / plants / animals / disease / and especially food

8. A Global Exchange / transformed the world / global transfer of: / plants / animals / disease / and especially food / brought together the Eastern and Western hemispheres / transformed the world / global transfer of: / plants / animals / disease / and especially food / brought together the Eastern and Western hemispheres

9. A Global Exchange / transformed the world / global transfer of: / plants / animals / disease / and especially food / brought together the Eastern and Western hemispheres / touched nearly all the peoples of the world / transformed the world / global transfer of: / plants / animals / disease / and especially food / brought together the Eastern and Western hemispheres / touched nearly all the peoples of the world

10. America to Europe/Europe to America

11. What is Capitalism? / capitalism is an economic system based on private ownership and the investment of wealth for profit

12. The Rise of Capitalism overseas colonization and trade = merchant wealth merchants continued to invest their money in trade and overseas exploration profits from these investments enabled merchants and traders to reinvest even more money in other enterprises businesses across Europe grew and flourished

13. The Joint-Stock Company / worked much like the modern- day corporation / involved a number of people pooling their wealth for a common purpose / worked much like the modern- day corporation / involved a number of people pooling their wealth for a common purpose

14. Risks and Benefits / Risks: / many ships never completed the long and dangerous ocean voyage / colony could fail / Risks: / many ships never completed the long and dangerous ocean voyage / colony could fail

15. Risks and Benefits / Risks: / many ships never completed the long and dangerous ocean voyage / colony could fail / Risks: / many ships never completed the long and dangerous ocean voyage / colony could fail / Benefits: / individual members paid only a fraction of the total colonization cost / if the colony failed, investors lost only their small share / if the colony thrived, the investors shared in the profits