APWHM VOCAB 4.5

China's Increased peasant and artisan labor of silk

China's Increased peasant and artisan labor of silk. Silk is a natural protein fiber derived from silk worms which can be woven into textiles. China originally monopilized the silk producing technology causing the demand to skyrocket in the Afro-Eurasian market.

silver drain

Describes the siphoning of money from Europe to pay for the luxury products of the East, a process exacerbated by the fact that Europe had few trade goods that were desirable in Eastern markets; eventually, the bulk of the world's silver supply made its way to China.

India's Increased peasant and artisan labor of cotton

Increased demand for agricultural products like cotton in India for the production and trade of cotton textiles led some peasants to sell more of what they produced for profit or work the land of others to increase their incomes.

Soft gold

Nickname used in the early modern period for animal furs, highly valued for their warmth and as symbols of elite status; in several regions, the fur trade generated massive wealth for those engaged in it.

Piece of eight

Pieces of eight were legal tender in the USA until 1857. Pieces of eight were the world's first global currency. As the coins of Spain they were used across the vast Spanish Empire, stretching from South America to the Philippines, but were also used outside the empire as well.

Taki Onqoy

Taki Onqoy is a Quechua phrase meaning "dancing sickness." It was a 1560s revitalization movement in the Andes, in which local individuals rebelled against Spanish colonial laws and practices. Taki Onqoy practitioners preached against the Spanish religion, clothing, foods, all things Spanish.

Muslim-European competitive rivalry in theIndian Ocean trade routes

The Muslims had more money, therefore they had been on top in the Indian Ocean trade. Europeans could not compare to the Muslims, and caused disruption between the two, conflicts. The Moroccan and Songhai had competition over the trade routes, which eventually led to the conquering of Songhai.

Western Europe's Increased peasant andartisan labor of wool and linen

Traditional peasant agriculture increased and changed in nature, plantations expanded, and the Atlantic slave trade developed and intensified. Peasant and artisan labor continued and intensified in many regions as the demand for food and consumer goods increased.

Monopoly

Without competition, monopolies can set prices and keep pricing consistent and reliable for consumers. Monopolies enjoy economies of scale, often able to produce mass quantities at lower costs per unit. Standing alone as a monopoly allows a company to securely invest in innovation without fear of competition.