Columbian Exchange

1
Columbian Exchange

• 20-4

2
Columbian Exchange

• The global transfer of foods, plants, and animals
  during colonization
• Corn and potatoes most important from Americas
• Healthy and help population grow
• Europeans introduce livestock, bananas, peas,
  yams
• Diseases

3
Commercial Rev.

• Wealth and trade brought on new business and
  trade practices
• Root for today's financial dealings

4
Capitalism

• System based on private ownership and the
  investment of wealth and profit
• Gov. no longer only owners
• Merchants invest money
• Increase in money supply (inflation)

5
Joint Stock Companies

• People pool their wealth for a common purpose
• Investors share wealth
• Jamestown

6
Mercantilism

• Power depends on wealth
• Goal is to be wealthy. Why?
• Increase wealth and power in two ways
• Obtain as much gold and silver
• Favorable balance of trade sell more than you
  buy
• Goal is to self sufficient, not dependent

7
Changes in Society

• Growth of towns
• Rise of merchant class
• Population still lived in rural areas
• Many people were still poor
• Increased wealth of European nations