Advertisement Upgrade to remove ads

How did the Age of Exploration change the world outside of Europe?

Made the world more modern

How did the world become more modern?

European voyages of exploration, long distance trade, colonialism, and parts of the world became aware of each other even if they were far away

Cultural Interchange (all became the UK)

England, Scotland, Wales, and North Ireland

Colonialism

Expansion of European power and influence

Inflation

general increase of prices of goods in society

Example of inflation

30 dollars for a pair of sketchers. 50 million new pairs were brought in (oversupply). The price of each pair gets lowered.

Inflation hurts which group of people the most?

City workers because they earn a salary from their boss

Which group of people does inflation hurt the least?

Merchants because they can always get/make more goods, decide on prices, and they have the products that everyone needs

Capitalism

private enterprise

Private enterprise includes what?

Investing money to earn profit in the future, long distance trade, and you cannot finance a trip without capitalism

In order to go on a trading trip what do you need?

a trading representative, ships, captain, crew, supplies for the ship, and to buy manufactured goods to sell in India

Vasco DeGama

Portuguese explorer, explored the east african coast, and him and his crew were amazed by the spices and fabrics

Treaty of Tordesillas

Pope Alexander VI stepped in to make peace between Spain and Portugal; all lands on the east side of the line belonged to Portugal

Cortés

Landed on the shores of Mexico, and colonized several Caribbean islands. His men were known as the conquistadors (600 men). Wanted to find gold. First Europeans to settle in the Americas. When the Spanish conquered America, this brought in advancements of weapons, diversity of native groups, and disease.

Pizarro

conquistador (200 men). Marched a small force into South America. Conquered the Incan Empire. Atahualpa brought 30,000 men, mostly unarmed, to the meeting, but the Spaniards ambushed them and kidnapped Atahualpa. Atahualpa offered a room full of gold for his release, but was killed instead. Pizarro captured the Incan capitol, Cuzco.

Columbian Exchange

The global transfer of foods, plants, and animals during the colonization of the Americas. Caused a population decline in the Americas, and population shifts everywhere else. The Europeans brought diseases. Slavery started.

Joint stock company

Business venture that developed during this period
Involved a number of people combing their wealth for a common purpose. The common purpose was American colonization. People invest money into trading and get their fare share of profits from what they payed.

Investors in the joint stock company must be what?

wealthy, have money they can afford to lose, and must be able to tie up their money

Henry the navigator

For his role in promoting Portuguese exploration, historians call Prince Henry "the Navigator." Although he never went on voyages of discovery, Henry was consumed by the quest to find new lands and to spread Christianity. A devout Catholic, he wanted "to make increase in the faith of our lord Jesus Christ and bring to him all the souls that should be saved."

Entrepreneur

Business person who puts it all together. Is the trading representative. Needs to have a lot of money

Ferdinand and Isabella

King and Queen of Spain that gave money

Price revolution of the 16th century

inflation occurred because Spain brought back so much gold. England stopped the gold rush

Colony

a group of people from a country claim a place

Reasons for exploration

try to find direct sea route to Asia because they wanted spices expansion of foods and wealth, spread Christianity, path to the East

Caravel

new type of heavy ship

Multiple sails

efficient use of winds

Tacking

going against wind

Montezuma

Emperor of Aztecs

Nahuati

Aztec Language

Mercantilism

Build up gold and silver in its treasury

Counter Intuitive

going against what you think would be the case

Theory

a country's power depended on wealth

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set