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HomeHomework HelphistoryColonization and Trade

Colonization and Trade

The impact of European colonization on global trade dynamics refers to the transformation of trade routes, economic practices, and intercultural exchanges that occurred as European powers expanded their territories, particularly in the Americas, during the Age of Exploration.

intermediate
3 hours
History
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Overview

The impact of European colonization on global trade dynamics was profound and far-reaching. It established new trade routes that connected continents, allowing for the exchange of goods, resources, and cultures. Colonizers sought wealth and power, often exploiting the resources of the lands they con...

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Key Terms

Colonization
The act of establishing control over a foreign territory.

Example: European colonization of the Americas.

Trade Route
A path followed by traders to exchange goods.

Example: The Silk Road was a major trade route.

Exploitation
The act of using resources or people unfairly for profit.

Example: Resource exploitation in Africa during colonization.

Cultural Exchange
The sharing of ideas, customs, and goods between cultures.

Example: The introduction of potatoes to Europe from the Americas.

Economic Dependency
A situation where a country relies heavily on another for economic support.

Example: Colonial economies often depended on the mother country.

Mercantilism
An economic theory that trade generates wealth.

Example: Colonial powers practiced mercantilism to enrich their nations.

Related Topics

Impact of the Slave Trade
Explores the consequences of the transatlantic slave trade on societies and economies.
advanced
Post-Colonial Studies
Analyzes the effects of colonization on former colonies and their development.
intermediate
Global Trade Networks
Examines the evolution of trade networks in a globalized world.
intermediate

Key Concepts

Colonial Trade RoutesResource ExploitationCultural ExchangeEconomic Impact