1. The Columbian Exchange & Global Trade The Columbian Exchange & Global Trade

3. I. Columbian Exchange--the transfer of plants, animals, and diseases between the eastern and western hemisphere after Columbus reached the Americas.

4. Columbian Exchange

5. II. Commercial Revolution: new business/trade practices which began after colonization

6. 1. Capitalism—economic system based on private ownership and the investment of wealth for profit

7. b. Joint-stock company-- "corporation"--a number of people pooling their wealth for a common purpose  ex., colonization

8. 3. Encomienda System— conquistadors were granted land and right to demand labor/tribute from Native Americans.

9. a. When the Native Americans died from smallpox, the Europeans brought over Africans

10. 4. Mercantilism—economic policy by which a nation sought to export more than it imported in order to build its national wealth

11. A. Ways to increase wealth: a. obtain gold and silver a. obtain gold and silver b. establish a favorable b. establish a favorable balance of trade balance of trade  ex., sell (export) more than you buy (import)  ex., sell (export) more than you buy (import)

13. B. Ultimate goal of mercantilism: countries want to be self- sufficient

15. II Results of economic changes in Europe:  1. Growth in towns in Europe Europe

16. 2. Rise of merchant (middle) class (rose in status because of growth in wealth) a. This is the group that will fight for democracy in the fight for democracy in the future future

17. Why was Columbus’ contact with the America’s considered a turning point in history?

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19. Example #1 Example #2 Example #3 ****** ****** ****** Supporting Details Columbian Exchange Transfer of plants, animal, and diseases between the Eastern and Western Hempishere after Columbus’ contact with the Americas

20. Example #1 Example #2 Example #3 ****** ****** ****** Why was Columbus’ contact with the Americas considered a turning point in history? Supporting Details

21. Example #1 Example #2 Example #3 ****** ****** ****** Why was Columbus’ contact with the Americas considered a turning point in history? Supporting Details Columbian Exchange Transfer of plants, animal, and diseases between the Eastern and Western Hempishere after Columbus’ contact with the Americas