Notes 1.17.08 - Late 1400s o Socio-economic systems...

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Late 1400s o Socio-economic systems transforming (esp. in Europe) – “expansionist phase” o Europeans venture out into foreign parts of world o Old feudal order disintegrates origins of the modern world “Age of Discovery” o Christopher Columbus 1492 – discovery of the New World o Vasco de Gama 1498 – sails around Cape of Good Hope into Indian Ocean o Ferdinand Magellan 1519 – attempts to circumnavigate the earth o Main purpose: establish trade routes o Result: foreign trade destinations become economically important China, India, Indonesia, etc. o Led to the conquest of the New World (gold) Trade o Most trade remained limited to local regions o Only coastal regions were involved in international trade (access, time) o The Americas were integrated into a long term international trade relationship Purpose: establish permanent settlements (versus temporary trade outposts as seen in Africa and elsewhere) Untapped natural resources “The Triangle of Trade” – Europe
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This note was uploaded on 03/19/2008 for the course ISS 315 taught by Professor Hussain during the Spring '08 term at Michigan State University.

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Notes 1.17.08 - Late 1400s o Socio-economic systems...

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