Globalization & Trade
This term describes the increasing connections between different parts of the world starting around 1492
What is Historical Globalization?
Why did Europeans look for new trade routes in 1492?
Silk Road became dangerous/expensive due to war, taxes, disease
This is an economic system where countries try to maximize the exports and minimize imports.
What is Mercantilism?
This was the major unintended consequence of contact that killed millions of Indigenous people.
What is disease?
When considering whether trade is a good idea this factor is missing if trade routes are dangerous due to bandits or war.
This explorer sailed in 1492 looking for a route to Asia but landed in the Caribbean.
Who is Christopher Columbus?
Why were colonies important in mercantilism?
What are a source for raw materials?
After more European settlers arrived in Canada, Indigenous people were pushed off their land. What process is taking place?
What is Displacement?
What is the Silk Road?
This process began as Europeans established settlements and control over foreign lands.
What is colonization?
One way nations would control their importa is by placing large taxes on any product entering into their country. (Similar to what is happening between Canada and the USA) What do we call these taxes?
What is a Tariff?
This term describes the belief that European culture is superior to others.
What is eurocentrism?
This event drastically reduced Europe’s population and shifted economic power toward workers.
What is the Black Death?
This term describes competition between European countries to control trade routes and territories. European nations wanted to dominate other nations.
What is imperialism?
Many European nations created companies that would be the only one allowed to operate in a region so they could completely control trade. What term can we use to refer to this?
What is a monopoly?
This term describes using people or resources unfairly for economic gain.
What is exploitation?
To get to China it takes about one full year of travel by foot. This is a long time and many wouldn't want to make this journey. Which factor of trade is being considered in this scenario?
What is transportation?
This innovation allowed sailors to determine their position using the stars during long ocean voyages.
What is the astrolabe?
Europeans had a practice where someone would enter into a form of voluntary slavery for a period of time being sent to a colony and freed after their contract ended. This practice is called:
What is Indentured Labour?
This term describes the exchange of goods, ideas, and diseases between the Old and New Worlds.
What is the Columbian Exchange?