Chapter 16 – The World Economy. The Americas and other world areas were joined to the world network, while older regions had increased contracts Trade became so significant that new relationships emerged among societies. The West’ First Outreach; Maritime Power.
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Chapter 16 – The World Economy
The West’ First Outreach; Maritime Power
Christopher Columbus –
Italian navigator in the service of Aragon and Castile; sailed west to find a route to India and instead discovered the Americas in 1492
Ferdinand Magellan – Portuguese captain in Spanish service; began the first circumnavigating of the globe in 1519; died during voyage; allowed Spain to claim possession of the Phillippines
Dutch win commercial battle with Portugal in Indonesia
Over 90% of Native Americas died as a result of European disease, war and mistreatment
British defeat the France in Canada
East India Companies – British, French, and Dutch trading companies that obtained government monopolies of trade to India and Asia; acted independently in their regions
World economy – Created by Europeans during the late 16th c. based on control of the seas; established an international exchange of food, diseases, and manufactured products
Columbian Exchange – Interaction between Europe and the Americas; millions of Native Americans died of new diseases; new world crops spread to other world regions; European and Asian animals came toe the Americas
The extension of international interaction facilitated the spread of disease. Native Americans and Polynesians, lacking natural immunities to smallpox and measles, died in huge numbers.
Vasco de Balboa – Began first Spanish settlement on Mesoamerican mainland in 1509
Francisco Pizarro – Led conquest of Inca Empire beginning in 1535; by 1540, most of Inca possessions fell to Spanish