Trade and Economic Development

  • 1405

    Ming Voyages

    -Seven in all
    -Established new trade routes
    -Asserted Ming dynasty dominance over territories
  • 1432

    Ottoman Empire

    -peaceful expansion of empire
    -established trade routes that tied east to west as never before
    -allowed communities to keep religion and cultures instead of forcing their beliefs on them
  • 1492

    Columbian Exchange

    -linked old world to new world
    -introduced new products to both worlds they had never before been exposed to
    -new diseases
  • 1557

    Iberian Influence

    -Central point for eastern and western worlds to conduct trade
    -Point of reference to get to know other governments
  • Changes in England

    -Elizabeth aiding Protestant rebels in Netherlands
    -Defeat of Spanish Armada by British Fleet
    -England new maritime world leader
  • Cotton and Slavery

    Slave labor still used to produce textiles
    Cotton major colonial export
    Cotton gin increases export drastically
  • Opium War

    Britain wants open borders, China wants to restrict this.
    China implements restrictions, british refuse it. Chinese take brits hostage, which results in three years war.
  • Coolie Trade

    -many slaves still used in caribbean to offset economic demands
    -compromised of mostly enslaved african, chinese
  • US Civil War

    -Slavery still big in Southern states
    -over 60,000 soldiers dead/wounded
  • Spanish America and Liberalism

    -reformers claim liberalism will progress country
    -abolish slavery
    -invest in infrastructure
    -reforms short lived
  • India, independence from Britain

    -Ghandi rejects western ideals
    -pushes for independence from Britain
    -Urges countrymen to produce own salt, materials
  • WW1

    -Ends with US responsible for most of global economic output
    -Dawes agreement with Germany
  • Great Depression

    Stock market crash of 1929
    Bank closures in US, Austria, Great Britain
    Countries abandoning the gold market in favor of independent currency
  • Communism

    -After Great Depression, countries like China incorporate communism.
    -Boasts significant increase to economy
    -Boasts high employment rate
  • kenyan wars

    -1920 becomes formal colony of britain
    -increase of slaves and soldiers to britain
    -Mau Mau movement incorporates violence to rebel British rule