The World Economy

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The World Economy
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1450-1750 The Early Modern PeriodMajor changes
and their impact

• New Empires ( Ottomans) search for new
  trade routes, more new empires
• Exploration of Europeans global economy,
  biological exchange
• Military technologies
  new empires

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Ultimate Result of changes?

• Power Shift
• New Definition of exchange
• Global trade rate increased
• World becomes dependent on Europe ( New World
  Goods)

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What causes the West to become Powerful?

• New Technology!
• Deep-draft round hulled sailing ships
• Improved Compass
• Map Making
• Adaptation of gunpowder
• Metal work ( canons)
• Gave West huge Military advantage, especially on
  the sea

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New ships and power Exploration

• Spain and Portugal Britain, France, Holland
• Why Explore? What motivations did Europeans have
  to explore?

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Motives for Exploration

• Missionary spirit ( conversion to Christianity)
• National Pride
• Territorial expansion
• Personal Glory
• Financial gain
• Scientific curiosity
• Trade
• adventure

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Portugal

• Prince Henry the Navigator
• Searched for Route to India 1434
• Found
• Parts of West Africa
• Cape of Good Hope
• India ( Vasco de gama)
• Brazil ( accident)
• Indonesia
• China
• Japan

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• Spain

• Columbus ( extra motivated Spain just recently
  free from Muslim rule)
• Set off to find India
• -Failed, instead found Carribean
• Magellan Latin America, Indonesia
• Spanish also controlled parts of North America

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Northern european Explorations

• Wanted to Rival Catholic Gains
• Improved upon ship building technology
• Britain beat Spain in Spanish Armada-1588-
  emerged as dominant country

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