How Did World Change From 1000 To 1700 World Trade Patterns

Between 1000-1700 world trade patterns changed due to the discovery of the Western Hemisphere, and the decline of the importance of land routes. However, one world trade aspect that stayed the same was the importance of the Indian Ocean Basin and the spices that were found there. One thing that significantly changed world trade was the addition of the Western Hemisphere. Nations in Europe created colonies in the Western Hemisphere to acquire natural resources like lumber, silver, and gold. Also, the addition of the Western Hemisphere created the first Global Economic System. This connected Europe, Africa, and the New World together in triangular trade. Nations could now trade more easily and effectively. Lastly, the addition of the Western