Chapter 17 - Chapter 17: Terms & Questions Points: 100 Part...

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Points: 100 Part 1: Terms Henry the Navigator- 1394-1460. He was a Portuguese prince who organized a series of expeditions along the African coast and also outward to the islands such as Azores in 1434. Vasco de Gama- In 1498, his fleet of four ships reached the true India with the help of a Hindu pilot from Africa. Christopher Columbus- He was an Italian navigator who went to Spain because his own country would not support his expedition. He sailed for Spain and set westward for India in 1492, trying to prove that the world was not flat. However, he reached the Americas not India, but called the inhabitants Indians. He believed that he had reached India until his death. Ferdinand Magellan- He was a Spanish explorer who sailed westward in 1519, passing across the tip of South America, a nnnn-==cross the Pacific, to the Indonesian islands in 1521, then to the island of the Philippines, which held Spanish claim until 1898. Dutch East India Company, British East India Company- The Dutch East India Company was a great trading company that had one settlement on the tip of Africa that served as a relay station. The Dutch ruled Taiwan for a time and the British East India Company played a similar role in parts of India during the 18 th century. Both companies were given government monopolies of trade in the regions designated. However, they were not rigorously supervised by their own state. They also had the right to raise an army and coin their own money. Therefore these companies had great commercial fortunes and were almost like independent governments in the regions they claimed. “World economy”- The world economy includes the economy from all of the countries in the world. After 1492 a world economy was established because the Americas were found and soon after so were the Polynesian islands were found. Columbian Exchange- was a dramatically widespread exchange of the animals, plants, culture and human populations (including slaves), communicable diseases, and ideas between the Old World and New World. It began in 1492 when Columbus brought over crops, animals, and diseases to the Americas. Battle of Lepanto- In this battle, the navy of the Ottoman Empire was defeated by the Spanish-directed fleet in 1571. This setback ended any chance the Muslim had of over powering the European naval powers. “Core nations”- Nations that enjoy profit from the world economy. The majority of them are European nations. These nations controlled international banking and commercial services such as shipping. They also exported manufactured goods for raw materials. Mercantilism- This theory stressed that government should limit the number of goods that are imported and promote trading within the economies so that tax revenues would go up. Also people should create as many good as they can to export to other nations. Tariffs were a big part of restricting imports. This was very popular in the 17 th and 18 th centuries. “Core-dependent systems”-
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This note was uploaded on 04/12/2011 for the course HIST 123 taught by Professor Mr.shmit during the Spring '11 term at St. Vincent.

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Chapter 17 - Chapter 17: Terms & Questions Points: 100 Part...

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