World History | Chapter 17: Lesson 2- The First Global Economic Systems

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slave trade

There was a dramatic increase in this activity due to European expansion. This especially affected Africa

French

These people established forts along the coast of India

English ships

These ships carried Indian-made cotton goods to the East Indies

horses

These significantly altered the lifestyles of Native Americans and enabled them to travel faster and over greater distances

King Alfonso of Congo

This ruler became concerned about the impact of slave trade on their societies

Columbian Exchange

The resulting exchange of plants and animals between Europe and America is known as this

potatoes

A basic food staple in Europe

wealth

A major goal of European exploration was to gain this

mercantilism

A set of principles that dominated economic thought in the seventeenth century; it held that the prosperity of a nation depended on a large supply of gold and silver

triangular trade

European merchant ships carried European manufactured goods to Africa where they were traded for enslaved people

Portugal and Spain

European nations were led by these two powerful countries

exploited

Europeans ________ sources of precious metals and raw materials in their colonies

slaves

Europeans bought these in exchange for guns, gold, and silver

tariffs

Governments places these on foreign goods to keep the balance of trade favourable

sugarcane

Growing this required many labourers

diseases

Many native people of South America died because they did not have the technology to defend themselves against these

trading posts and colonies

Many of these were established in the Americas and the East

encomienda

Spanish settlers gained this; the right to use Native Americans as labourers on plantations

East India Company

The Dutch formed this and pushed the Portuguese out of the spice trade in Southeast Asia

Dutch, English, and French

The European rivals who also extended their activities into Asia

balance of trade

The difference in value between what a nation imports and exports over time

subsidies

The government rewarded new industries with these to encourage exports. These are payments made to support enterprises a government thinks are beneficial

Middle Passage

The journey from Africa to the Americas


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