Mercantilism and Columbian Exchange

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Mercantilism and Columbian Exchange

Post  Sarah Marti Roy on Thu Oct 23, 2014 6:03 pm

Mercantilism:

An economic theory practiced in Europe during the age of exploration, Mercantilism; the theory basically stated that a country's power came from its wealth, thus countries would do everything they could to increase their gold and silver supply. According to them, there was a fix amount of wealth in the world. This is when Balance of trade kicked in. Basically it was the difference in value between what a nation imports and what it exports over time. When its favorable, the exported goods have a greater value than the imported goods. This caused intense competition between nations because they would take power away from each other.

Columbian Exchange:

The Columbian Exchange was a trade between the Americas to Europe, Africa and Asia and vise-versa. The Columbian Exchange affected the Americas because many animals such as chickens, horses, pigs, goats, mice and rats where introduced. Along with bananas, sugar, coffee and lettuce. However, the most important one was the diseases that were passed on such as cholera, malaria, smallpox, etc. These diseases killed many people because since they were new to their bodies, they couldn't fight it.
The Columbian Exchange affected Europe, Africa, and Asia because animals such as guinea pigs, llamas and turkey were introduced along with avocados, corn, potatoes and tomatoes.
However, the biggest impact was on Europe because the foods that were imported helped feed a growing population. Also, the foods being feed kept them healthy and live longer.
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The Columbian Exchange

Post  Joshua T on Fri Oct 31, 2014 10:56 pm

If it weren't for the Columbian exchange today we wouldn't have nearly 4/5 on the things that we have today. The Columbian exchange allowed for good and animals to be transported easily between American, Europe, and Africa.

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Mercantilism

Post  Joshua T on Fri Oct 31, 2014 10:58 pm

Mercantilism is know to be the theory of why countries became rich. With the gold that they recorded, many countries got a lot of wealth.

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Re: Mercantilism and Columbian Exchange

Post  ebznski on Sat Nov 01, 2014 5:19 pm

In the balance of trade it does not matter how much you import and how much you export it just matters about how much money you spend on the goods you import vs. the amount of money you obtain. for example the Dominican Republic could send out 3 tons of sugar and import 5 crates of laptops but the amount that they spend on the laptops would still be greater than the amount they obtain from the sugar because it is not manufactured into something more useful.
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Re: Mercantilism and Columbian Exchange

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