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Exploration and its Consequences. HWH UNIT 1 PARTS OF CHAPTERS 2 & 3. Explorer Review. European Claims in the Americas. The Colonial System. Viceroys: Ruled in the name of the king Encomienda System: system of forced labor Cultural and Racial Groups Peninsulares : those born in Spain
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Exploration and its Consequences HWH UNIT 1 PARTS OF CHAPTERS 2 & 3
The Colonial System • Viceroys: Ruled in the name of the king • Encomienda System: system of forced labor • Cultural and Racial Groups • Peninsulares: those born in Spain • Creoles: American-born Spaniards • Mestizos: of both Native American and Spanish heritage • Mulattoes: of both African and Spanish heritage
A Revolution in Trade: The Commercial Revolution The Columbian Exchange TO EUROPE TO THE NEW WORLD
The Commercial Revolution • Inflation • Currency loses value • Population Increase • Recovery from the plague • Prices go up • Origins of Capitalism • Joint-Stock Companies • Mercantilism • Benefit the nation • Export more than import • Colonies
The Impact of Exploration • What were the pros and cons for both Europeans and native peoples?