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demand for labor intensified;
encomienda, hacienda, & the mita systems exploited indigenous labor in the americas previously, but chattel slavery was introduced
laborers were highly in demand, resulting in:
millions being captured & sold to work on plantations & farm cash crops
due to the large demographics of the new american colonies,
social structures became based on racial ethnic identity
spanish colonies in the americas flourished from:
their amounts of gold & silver that was regularly shipped to asia
new global economy expanded ____ in europe
the middle class, but also caused inflation
european rulers used ____ economic policies, which soon got overtaken by capitalism
mercantilist
biggest change to global economy:
integration of the western hemisphere into the global trading network—columbian exchange through maritime technology
the atlantic system:
networks over the atlantic ocean that caused a massive migration and exchanging of goods that allowed culture to grow and flourish exponentially