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COLUMBIAN EXCHANGE

COLUMBIAN EXCHANGE. Columbian Exchange = Global transfer of food, plants, animals, people, and disease during colonization of the Americas. CAPITALISM. Capitalism = Economic system based on private ownership and investment of resources for profit

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COLUMBIAN EXCHANGE

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  1. COLUMBIAN EXCHANGE Columbian Exchange= Global transfer of food, plants, animals, people, and disease during colonization of the Americas

  2. CAPITALISM Capitalism = Economic system based on private ownership and investment of resources for profit Capitalism in action during colonization of Americas: merchants obtain great wealth from overseas colonization and trade  continue to invest money in more overseas exploration, trade , and other enterprises  business in general across Europe grows and European nations become wealthy

  3. JOINT STOCK COMPANY Joint stock company = a business venture that involved a number of people combining wealth for a common purpose.

  4. ADVANTAGES OF JOINT STOCK COMPANY • Combined wealth is more wealth than one individual • Risk is shared

  5. MERCANTILISM Mercantilism = Economic policy adopted by European nations in the 1500s which provided that a country’s power depended mainly on its wealth.

  6. How Acquire Wealth According to Mercantilism? • Obtain as much gold and silver as possible • Establish a favorable balance of trade

  7. American Colonies Vital Role in Mercantilism • Provided gold and silver • Provided raw materials that were not readily available in Europe • Served as a market for European manufactured goods

  8. Who Benefited the Most from Global Effects of Colonization? • Merchant class (got wealthy and powerful) • European nations (got wealthy and powerful) • European monarchs (got more powerful)

  9. Who Suffered the Most Because from Global Effects of Colonization? • Majority of Europeans (remained poor) • Entire population of Native Americans (practically wiped out and lost land and culture) • Approximately 9.5 million Africans (enslaved for almost 400 years in the Americas)

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