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20 Cards in this Set

  • Front
  • Back
Importance of animals in Columbian trade (3)
Moved people, change in labor, change in food supply
Importance of plants during Columbian Trade
Potatoes,tomatoes, corn &rice
Population increase
Primary effects: Disease: Columbian trade (3)
1.smallpox, mumps, measles
2. Decrease in population
3. Cyphalus to the new world
Secondary effects: Disease: columbian trade
1. Period of unrest w/ incas, mayans, and aztecs
2. Decrease in population and labor
3. Starvation
Why europeans enslaved africans (4)
1. Needed workers
2. Skin color easily identifies them
3. Already exposed to diseases
4. Unfamiliar with land
Triangular trade
Ships left europe➡️stop in africa to get slaves➡️ to americas to sell slaves and bring back goods🔁
Middle passage
The part of the triangle trade from africa to americas
Market
Ways for buyers and sellers to interact
Interaction
An exchange of goods or services
Buyers of sugar market
Coffee/tea drinkers, rum drinkers, people who make baked goods
Sellers
Private landowners, companies who ship it to europe
Land component of sugar market
Space to grow crops
Component of labor in sugar market
Workforce to maintain crops
Component of capital in sugar market
Money needed to buy things, the profit
Joint stock companies
When companies pooled money together to fund an exploration
Industries developed after joint stock
Banking, financial news, insurance, stock markets
Mercantilism
Economic thoery that states a country should do all it can to make country more wealthy
Balance of mercantilism
Fixed amt of wealth, when one countries wealth increases another ones decreases
Mercantilism practices(4)
High taxes
More manifacturing
Military protection
Money given to specialized companies
England and Netherlands: mercantilism
Very wealthy places, their trade influenced the political system