Chapters 16 and 17

1
Chapters 16 and 17

• The world economy and change in the west
• Peter A.

2
The World Economy1450-1750

• New trade routs discovered by Europeans as a
  result of the crusades.
• The Ottoman Empire comes to power which disrupts
  European trade with Africa and the middle east.
• New technology expands European trade to places
  much further away than previously possible.

3

• Europeans first arrive in the Americas and find
  abundant gold and silver.
• Trade with American gold and silver brings luxury
  goods to western European powers.
• New staple crops from the new world allow old
  world population to increase drastically.
• European trans Atlantic slave trade begins to
  bring labor to the new world
• Europeans established ports in East Asia,
  Southeast Asia, India, and west coast Africa
• involvement in international trade positively
  affected local and regional economies

4
Mercantilism

• Dont import more than export
• All resources to mother country
• Promotes colonial expansion
• Protects domestic industry through tariffs

5
Triangular Trade

• Slaves to new world
• Rum to Western Europe
• Manufactured goods to Africa (guns)

6
Chapter 17-Change in the West

• A return to rational thought began as a result of
  the renaissance.
• Countries were united under monarchies
• Monarchies rule because of divine right.
• World power shifts in favor of Western Europe.

7

• Protestant reformers
• Western powers expand through colonization
• Western powers stop fighting in Europe and focus
  on conquering the new world and expanding
  influence in the far east

8

• Spain, Portugal and England emerge as the main
  world superpowers
• England fights with Spain over Caribbean
  territory
• Nations of Europe gained unprecedented amount of
  geographical, navigational, scientific knowledge