The+World+Economy

The West’s First Outreach New Technology: A Key to Power Portugal and Spain Lead the Pack Northern European Expeditions The Columbian Exchange of Disease and Food The West’s Commercial Outreach Imbalances in World Trade A system of International Inequality How much World in the World Economy The Expansion Trend The Americas: Loosely Controlled Colonies British and French North America: Backwater Colonies North America and Western Civilization Africa and Asia: Coastal Trading Stations Impact on Western Europe The Impact of a New World Order
 * Spices that had came from India and Asia had become known to the Europeans
 * Vinland was the result of when the Vikings that reached North America.
 * The Europeans believed that the World was flat therefore if they went on long voyages they would fall off the world’s edge.
 * There was new technology such as the deep-draft and the round-hulled.
 * The Europeans eventually gained knowledge of the gunpowder.
 * First guns and canons were able to be created due to the Europeans development in metalwork.
 * Portugal had begun to make expeditions along the coast of African.
 * In 1488 they tried to voyage around the **Cape of Good Hope** to fine India, however they had to go back before they were able to do so.
 * Christopher Columbus had discovered America during his expedition for Spain in 1492.
 * In 1588 Spain and Britain had battled and Britain had won the battle and they were able to control the seas along with the French at some points and the Dutch.
 * In 1497 Britain began to explore North America.
 * The France, Britain, and Netherlands had trading companies.
 * Small pox and measles had been brought to North America killing a huge amount of Native Americans.
 * New crops that had been introduced played a key role in an increase in population.
 * Some food had conflicted with the bible therefore some food took a longer time to adapt.
 * Western Europe had profited due to large amount of dominance however they did not monopolize the control the trade in the seas.
 * Western Europe was able to conquer some harbors in Asia and Africa.
 * Western traders had gained legal rights.
 * To gain profit Western Europe had exported expensive finished goods and imported goods such as sugar and silver.
 * **Mercantilism** is when nation-state encourages importing less and exporting more goods.
 * Europeans had traded unprocessed goods and slaves for items such as guns and they were able to profit still.
 * Peasants in Africa and Latin America were not involved in the market economy.
 * African slaves were a huge demand due to the disease that had caused many deaths.
 * Spice production in the Dutch East Indies had grew due to peasants being forced into labor with freedom.
 * China had profited from the world economy even though they had not participated a lot.
 * During the 17th to the 19th century Japan was basically completely isolated because they had been able to produce canons and muskets just like the Europeans so they had isolated themselves and prohibited traveling.
 * India had also sold goods and in return for silver.
 * Britain had passed tariffs on India’s cotton in order to protect their own.
 * Manufacturing began to decline in India.
 * Serfs were the one that had produced the grains that were exported.
 * The search of gold in 1509 lead to the first settlement in the mainland.
 * In 1531 there was another expedition and this time it was to in the Andes and in search for the Incas.
 * **Francisco Pizarro** in 1502 had came to America, and he eventually had attacked the Incas with 180 men and succeeded.
 * · The Dutches had settled in New York but however it was taken over in 1664 by the English.
 * · France and Britain had gone to war known as the **Seven Years War** and lost and had to sign a treaty known as **Treaty of Paris**.
 * · Around 18th century some American merchants had interacted with China and had traded.
 * · Americans could marry earlier and had a larger family than the Europeans due to the large land.
 * · The freedom of children and how they are allowed to speak up made the Europeans comment.
 * · Family affection had become visible in Europe.
 * · The Dutch had placed the **Cape Colony** on 1652 on the Cape of Good Hope to set up another coastal Station in Asia.
 * · **Calcutta** was where the British East India Company was able to set up a station and gain the wealth of the Ganges valley.
 * · Power of France in India eventually was gone after the Seven Years War.
 * · England and Holland competed against Spain.
 * · England and Dutch competed against each other in the 17th century.
 * · Sugar had been for upper class and it led to the rise of dentist in the 18th century.
 * · What was spreading was unfree labor systems that had been supplying goods for the world.
 * · Slave trade interrupted Africa and serfs and slavery affected Latin America.
 * · Landowners and merchants had profited everywhere.