While the Europeans did not head out in search of the unknown Americas, the continent emerged in front of them offering a multitude of new things which the peoples of the Eastern hemisphere hadn’t seen previously. Thus, the Europeans were able to transform earlier patterns of commerce by traveling across the Atlantic Ocean and moving completely new product back and forth across the continents. They also created an explosion of global commodity trade, particularly in stimulants, such as tobacco and a new “human commodity” in African slaves. However, since the Europeans had nothing of value to trade in the Asian markets they desperately desired to be a part of, they had to assimilate into the trading network through payments to local authorities …show more content…
However, after Columbus discovered the Americas in 1492, they began to move small quantities of completely new products back towards the East. First, they moved new “superfoods" such as potatoes, which were exceptionally important to the peoples across the Steppe and of Central Asia who had difficulty farming on the land. The Europeans also transported new stimulants such as the cocoa bean to make chocolate as well as tobacco which became wildly popular in India for religious and spiritual reasons. Thus the Europeans changed older patterns of commerce by creating the first real Global Trade …show more content…
Since their products were not as economically developed as its Eastern counterparts, there were not granted access into the rich markers; they were not able to use force to obtain a foothold as the Portuguese did, since their military power was still only just being rebuilt after the catastrophe of the Black Death. Hence, the only way the British were able obtain admission into the Indian market was with permission from Mughal authorities, and with the use of significant payments and bribes. A wall painting illustrated on page 609 of the textbook, entitled The East Offering Its Riches to Britannia portrays the three East India companies offering their gifts to a ruler; the ruler is turned away with his chin up, showing a lack of interest. It was in this way that one is reminded of past systems of trade, such as the tribute system in China which required non-Chinese authorities to recognize China’s superiority and pay their respect with ritual bowings and products of value from their countries. In return, the ruler would decide if they would be allowed to trade in China’s rich and exciting markets. Therefore, by assimilating into older patterns and by being forced to show their inferiority to the Mughals, the British East Indian Company was granted access to the
This sugar was sent to Europe, and was a very prominent trade item from the Americas to Europe. Several crops, including potatoes, corn, maize, and cassava changed the Old World drastically, increasing the population to sizes it had never previously been. These crops originated in the new world, but caught on very quickly in the Old World for their quick growth and high calorie per acre value. Another large crop export of the New World was tobacco.
From 600 to 1450 CE, trade thrived through the Indian Ocean trade routes. Large and powerful states provided security for merchants and travelers, allowing them to follow these routes with ease. While the spread of goods and ideas along the Indian Ocean trade routes remained constant, the states controlling them changed, leading to the creation of new states and the addition of European participation in this network.
There was a huge demand for luxury Asian goods in India, that would lead Europeans to trade along the Indian Ocean for Indian spices and goods. Because of this, an economy was revolved around trading, known as a mercantilist economy, where European nations would have rivalries in order to obtain silver in the Americas. This would then lead to European countries trying to thrive in the Indian Ocean with joint stock companies and trading posts in order to control the area and help out their economy.
In the Indian ocean from 650 C.E. and 1750 C.E. there have been many continuities in commerce. One such continuity was the goods traded. For
What many people only know about Christopher Columbus’s expedition is that he found the Americas. While this is true, he did find a completely new frontier that was unknown to the Old World, his findings re-shaped global consumption patterns from the seventeenth century. He found a New World filled with resources that the old world hasn’t seen before. When he found the new world he brought with him European plants and animal species that were foreign to the citizens of the New World. The Columbian Exchange introduced many foods that are still essential to consumption in today’s world along with the seventeenth to nineteenth centuries. The potato is a prime example of how the Columbian Exchange changed global consumption patterns because it was nutritious and had an abundant amount of calories in it and caused a mass population increase in areas where the potato was available. The use of slaves also increased exponentially when sugar cane was introduced. This was a very cheap, productive way to produce a large amount of sugar and it was used by many Old World countries. The findings of these new world products created a rise in global consumption and production because products were introduced to the both the New World and the Old World and there instantly became a large spike in the availability of products. Along with this, the old world decided to go out and get themselves involved in the New World because they saw an opportunity
After Columbus’s voyage to the Americas in 1492, he took back to Spain to present the King and Queen not just riches, but also new products that weren’t available in Europe. He took back to Spain the practice of drinking chocolate mixed with heavy spices. For nearly 100 years after the Spaniards were introduced to chocolatl, the coveted drink of the New World inhabitants, they kept the secret of its production to themselves. In the same years as Shakespeare wrote his final plays, the missionary and theologian José de Acosta wrote about cocoa from Lima, Peru, saying, “It is so much esteemed among the Indians that it is one of the richest and the greatest traffickes of New Spain” (Liu; Pelletier, CDA’s World History Wiki). After a century, Spain lost its monopoly on the European chocolate market. By the mid-1600s, the drink made from the little brown beans had gained widespread popularity in France. In Europe, chocolate (as a drink) gained popularity as the production of the beans became more popular. More of the lower and middle class were able to afford it, and it was considered a great treat to have. In terms of economic impact, the cacao had been a boon for the
The long-term effects of the Columbian exchange included the swap of food, crops, and animals between the New World and Old World, and the start of the transoceanic trade. In order to produce a profit, Portuguese explorers were the first to established sugar cane plantations in Brazil. They then sold this crop to the Old World where it was a popular commodity because it provided Europeans with a sweetener for foods. In addition, European produce was brought to the New World, including “…wheat, vines, horses, cattle, pigs, sheep, goats, and chickens… Where they sharply increased supplies of food and animal energy.” This fusion of crops between the Old and New World became fundamental in enhancing the diets and food of both populations.
The Papal Line Of Demarcation of 1493 was an imaginary line along the farthest east point of Latin America created by the Spanish pope Alexander VI after the discovery of the new world. Its purpose was to evade conflict with Portugal, and secure any land West of the line to Spain and east of the line to Portugal. The Treaty of Tordesillas of 1494 moved the Line of Demarcation 1,185 miles to the West, giving more land in the Americas to the Portuguese. It was signed in Tordesillas, Spain by both Spain and Portugal. The movie takes place between the line of 1493 and that of 1494 The Treaty of Madrid (1750) recognized Portuguese ownership in Brazil after gold was found in modern-day Minas Gerais at the end of the 18th century.
It's trading posts were set up along Bombay, Madras, and Calcutta. After the collapse of the Mughal Empire, the British East India Trading Company began to increase in success. As it continued its growth, the British government began regulating it. For the most part, the British government did not interfere with the East India Trading Company. The British East India Trading Company was extremely useful when it came to raw resources.
Christopher Columbus, in his voyages, modified the agricultural focuses of both the New and Old Worlds. In his four voyages he brought with him significant amounts of food and other materials for the purpose of trading. This trading of supplies would be conducted with the “Indians” or Native Americans of the area, this specifically being on the Eastern Coast of North America attributed to his first voyage. Biography.com claims that “...Columbus’ expeditions set in motion the widespread transfer of plants, animals, diseases, and cultures that greatly affected nearly every society on the planet.” As Columbus had traded with the Indians of North America certain goods; most notably seeds and horticultural upbringings of the local area, he was obligated to bring them back and share
If there was ever an important period historians, and people could put a finger on, this would be it. This is the important period where the world’s countries, kingdoms, and dynasties established trade routes. This is the period where countries were made and countries were destroyed because of the importance of trade and the importance of building a fundamental, religious, and economical way of life. This paper will discuss the goals and functions of trades, and traders, and a historical analysis of world trade. This paper will also get into world trade patterns, of The Americas, Sub-Saharan Africa, The Indian Ocean, The Silk routes, China and The South China Sea, Europe and The Mediterranean, and The Atlantic Exploration.
Establishment within the ‘East Indies’ was the first concern of the BEIC. Spices such as pepper, cinnamon, ginger, cardamom, and turmeric were all extremely valuable items of commerce. Europeans desired spices to improve the taste of, and for the preservation of, their food. The East Indies also traded silks, gems, curios, and a plethora of raw materials, namely cotton. Spices and these other commodities were relatively easy to transport because they were low in weight, and there were plenty of rich patrons willing to buy the exotic merchandise. It was a fundamental trading post gold mine for the BEIC. Soon, they established permanent trading posts, larger ones known as ‘factories’, in Surat, Bombay, Madras, Calcutta, and others. BEIC brought to India rare commodities from Europe, making their presence initially desirous. The Indians would trade their spices and raw materials for machine made products and textiles. Throughout the century, the British influence began to monopolize the trade market, extracting the raw materials from the colonies at a low price and selling back manufactured goods at a high price. By then the BEIC had grown so strong other countries did not tempt their military, strengthening the trading monopoly as well as the economic power the British held over India.
When the Europeans explored the Americas, they were introduced to new plants, foods, and animals, as well as riches and land. Foods such as corn, white and sweet potatoes, beans, tomatoes, cacao, fruits,
When Christopher Columbus stepped off the Santa Maria in 1492 two completely different worlds collided head-on. After that point there was no going back, the world the Europeans and Native Americans knew before that event was gone and moved one step closer to the world we know today. Both of these civilizations benefited from this contact, but some benefited more than others especially the Old World. In fact the Old World benefited significantly more than the New World. One new commodity that greatly benefited the old world was new crops like the potato. This calorie and nutrient dense crop helped feed Europe’s ever increasing population and workforce during the Industrial Revolution. Another crop that benefited the Old World was tobacco.
Europeans were motivated to conquest to gain money, and trade was one of the channels where they found it. However, during