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Asia was colonized primarily by small groups of merchants, including India, the Indies, and China. Trading
companies established by the Portuguese, Dutch, and British influenced the development of cultures in colonized
areas.
The Columbian Exchange and Triangular Trade
The discovery of the Americas by Europeans resulted in an exchange of products and resources between the Eastern
and Western Hemispheres. The Columbian Exchange changed the lifestyles of Europeans as well as Native
Americans as new food, animals, and diseases were introduced into both cultures.
Western Hemisphere agricultural products, such as corn, potatoes, and tobacco, changed European lifestyles.
European horses and cattle changed the lifestyles of American Indians.
European diseases, such as smallpox, killed many American Indians.
The Columbian Exchange aided in the growing system of slavery in the Western hemisphere. The development of the
plantation system in the Caribbean and the Americas destroyed indigenous economies and damaged the environment.
The shortage of labor to grow cash crops led to the use of African slaves.
European nations established a trade pattern known as the triangular trade and exported precious metals from the
Americas. Triangular trade linked Europe, Africa, and the Americas. Slaves, sugar, and rum were traded.
Export of precious metals
China
China sought to limit the influence and activities of European merchants.
America and European powers created foreign enclaves to control trade. These spheres of influence were part of
imperial policies of controlling foreign influences and trade. Trade brought about an increase in European demand for
Chinese goods like tea, and porcelain.
Japan
Japan was characterized by the powerless emperor controlled by a military leader, a shogun. Japan adopted policy of
isolation to limit foreign influences in Japan.
Africa
The exportation of slaves and demand for imported goods began to alter traditional economic patterns in Africa. African
exports included slaves as part of the triangular trade routes with Europe and the Americas, and raw materials like ivory
and gold. African imports included manufactured goods from Europe, Asia, and the Americas, and new food products
such as corn and peanuts.
The impact of trade on the growth of European nations, including the Commercial Revolution and mercantilism.
European maritime nations competed for overseas markets, colonies, and resources, creating new economic practices,
such as mercantilism, linking European nations with their colonies. Mercantilism is an economic practice adopted by
European colonial powers in an effort to become self-sufficient; based on the theory that colonies existed for the benefit of
the mother country.
The Commercial Revolution was a period during which European maritime nations competed for overseas markets,
colonies, and resources, and a new economic system emerged. This led to the creation of new money and banking
systems, economic practices such as mercantilism evolved, and colonial economies became limited by the economic
needs of the mother country.