Lesson+17-Columbian+Exchange

=NOVEMBER 11 = I. Students will study Columbian Exchange in order to complete reading comprehension questions.

=II. Warmup: Why was it important for countries to maintain a favorable balance of trade with other countries?...141 =

->COUNTRIES WANTED TO SELL MORE THAN THEY BOUGHT. -->WANTED TO BE SELF-SUFFICIENT ->NOT DEPENDENT ON OTHER COUNTRIES FOR GOODS. ____MERCANTILISM=where countries compete for wealth and power -->COMPARATIVE ADVANTAGE

WANTED TO BE SELF-SUFFICIENT: every country makes their own things INCREASE THEIR WEALTH AND POWER WHILE MAKING OTHER COUNTRIES POOR AND WEAK ---SELL MORE GOODS THAN YOU BUY. ---STARTED COLONIZATION in AMERICA

=---won't depend on other countries for goods = =---want to be self-sufficient. = =---sell more goods than you buy. = =---MERCANTILISM: a country wants to have as much wealth and power as possible. rivalry. Began setting up colonies to make money. = =III. Introductory: Comparing and Contrasting Unit 1 = =IV. Africa maps: round the world = =V. Ch. 4 Review = =VI. = =WHERE DID THESE FOODS COME FROM? = = Dutch Chocolate=

= Italian Tomato Sauce= =Florida Oranges= =Irish Potatoes= =Irish Potatoes= =Columbian Coffee= =Texas steak=

What is inflation and how does it work?





COLUMBIAN EXCHANGE between America, Africa and Europe and brought animals, plants and diseases. || =1. Columbian Exchange= || ---Corn and potatoes were NUTRITIIOUS, cheap to grow, people LIVED longer and population GREW.
 * =Cause= || =Event= || =Effect= ||
 * Europeans travelled back and forth

---Native Americans were KILLED by DISEASES that the Europeans brought over. ||
 * ---new wealth from America

merchants and private individuals begin investing (Market/Capitalism) ---began setting up colonies || =2. Global Trade= || -MERCHANTS reinvested

-INFLATION ||

-lots of gold and silver flooded European economies || =3. Inflation= || -prices go up an dvalue of money goes down || || --- || =5. Growth of mercantilism= || Every nation became the attainment of as much wealth as possible and tried to keep a favorable balance of trade ||
 * ---They took large amounts of $ to establish oversea colonies || =4. Formation of Joint-stock companies= || --involved a # of people combinig their wealth for a common purpose; American Colonization
 * Held that a country's power depended mainly on its wealth

What is Columbian Exchange: global transfer of plants, animals and diseases during thc European colonization of Americas.

Capitalism-an economic system based on private ownership and on the investment of money in business ventures in order to make a profit. Market economy

Joint Stock Company- a business in which investors pool their wealth for a common purpose, then share their profits.

Mercantilism-a countries power depends on its wealth, get as much gold as possible, Countries competition (opposite-free trade)

Favorable Balance of Trade-a nation wants to become independent by selling more than you buy.

= III. Instruction: foods from around the world = = IV. Guided. Read 137-139. Start worksheet = = V. Independent: Read 139-141. Finish worksheet. = = Spain returned from America with lots of gold. How did gold effect Spain's economy? = = INFLATION = = Increase in money supply--->more expensive goods and decreased value of money. =