Growing Global Economy
1. Explain the role of technology and big business in the growing global economy of the 16th and 17th centuries.
The technology and big business in the growing economy of the 16th and 17th century was booming, ships were being built differently to accommodate with their traveling needs, like the galleon. Trading companies collaborated in a variety of ways to expand seaborne commercial operations like the House of India which had control over the transoceanic trades like importing many spices and metals from Africa and Asia and selling them for a different price in Lisbon. While the House of Trade which was ran by the Spanish functioned more things like a regulatory agency by issuing licenses to private traders.
2. Summarize some of the continuing effects of the Columbian exchange on the world as described in this chapter.
The continuing effects of the Colombian exchange on the world is that still there is animals and plants being brought over like horses, honey bees, and dandelions. Also, small pox, measles, and syphilis were still being passed around. Animals that were brought to America had multiplied on the lands. The Europeans took dominance …show more content…
Also, it led to an increasing traffic in humans to work, among other places, in the silver mines of the Americas. In China, the request for silver initially drove the global economy and it expanded its market economy in conditions of general political stability. Then later silver swamped the Chinese market, bringing its price down. The devaluing of silver in China had a devastating financial effect on Spain which allowed its European competitors to gain the upper hand in a new global trade focused on sugar, tobacco, gold, and slaves. The effect of it even lead the fall of the Ming dynasty and a rise of a new
The technology and big business in the growing economy of the 16th and 17th century was booming, ships were being built differently to accommodate with their traveling needs, like the galleon. Trading companies collaborated in a variety of ways to expand seaborne commercial operations like the House of India which had control over the transoceanic trades like importing many spices and metals from Africa and Asia and selling them for a different price in Lisbon. While the House of Trade which was ran by the Spanish functioned more things like a regulatory agency by issuing licenses to private traders.
2. Summarize some of the continuing effects of the Columbian exchange on the world as described in this chapter.
The continuing effects of the Colombian exchange on the world is that still there is animals and plants being brought over like horses, honey bees, and dandelions. Also, small pox, measles, and syphilis were still being passed around. Animals that were brought to America had multiplied on the lands. The Europeans took dominance …show more content…
Also, it led to an increasing traffic in humans to work, among other places, in the silver mines of the Americas. In China, the request for silver initially drove the global economy and it expanded its market economy in conditions of general political stability. Then later silver swamped the Chinese market, bringing its price down. The devaluing of silver in China had a devastating financial effect on Spain which allowed its European competitors to gain the upper hand in a new global trade focused on sugar, tobacco, gold, and slaves. The effect of it even lead the fall of the Ming dynasty and a rise of a new