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Page 25 - The Modern World Through Joint Stock Companies

AB
1 consequence of European voyages of discovery:Native populations were destroyed and replaces with Europeans.
1 consequence of European voyages of discovery:International trade went way up.
1 consequence of European voyages of discovery:People around the world were growing new crops and herds, and eating new foods.
How China affected Western European exploration:They stopped voyages of Zheng He, looked inward to deal with Mongolians, and didn't think they had anything to learn from the outside world.
How European kings affected Western European exploration:They were competitive, wanting to increase their wealth and power over others.
How The Muslim Ottomans affected Western European exploration:They blocked the old Silk Road land trade routes to India and the Spice Islands
Through exploration, Spain ended up with this part of the world:The Americas - The "New World"
Through exploration, Portugal ended up with:The sea route around Africa to India and the Spice Islands.
He was an Italian who was paid by Spain to find a western route to India.Christopher Columbus
Region that Christopher Columbus actually "found":The West Indies
The region of the West Indies is:The lands in and around the Caribbean Sea.
Effect of European exploration on the Aztecs and Incas:Most perished due to the Spanish Conquistadors weapons or the diseases that they carried.
These were Spanish adventurers in search of gold and glory:Spanish Conquistadors
What is the main result of continents developing in isolation from others?They have different animals and plants.
Some things that originally came from the Americas that the rest of the world did not have:Corn, potatoes, tomatoes, chocolate, peanuts, tobacco
Some things that originally came from Europe, Asia and Africa that the Americas did not have:Wheat, oats, barley, grapes, rice, sugarcane, horses, sheep, cows.
Result of Europe getting American crops?Populations increased.
Why did European diseases hit Native American populations so hard?They had no immunity to them. Europeans had lived in highly populated towns and cities and close to domesticated animals for centuries.
After Venice declined as a major trade city, what became the new trade centers?Trade cities in Portugal and Spain.
When multiple investors pool their money together to fund a voyage to another place to make money:Joint Stock Company
Main advantage of joint stock company?Less risk - an investor an only lose what they put in. Kind of like today's stock market.
This is the economic system where people are free to own money and things and to choose what to do with them.Capitalism
Capitalism's big idea:People are free to get rich or be poor. Inequality is a natural result.


Valle Crucis 7th and 8th Grades
Valle Crucis School
NC

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