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