Chapter 14: Economic Transformations

Indian Ocean Commercial Network

The massive, interconnected web of commerce in premodern times between the lands that bordered on the Indian Ocean (including East Africa, India, and Southeast Asia); the network was badly disrupted by Portuguese intrusion beginning around 1500.

Trading Post Empire

16th Century. Built initially by the portuguese, these were used to control the trade routes by forcing merchant vessels to call at fortified trading sites and pay duties there.

Philippines

Spanish colony in the Pacific whom the US helped free from the Spanish, but soon after took as their own colony

British East India Company

A joint stock company that controlled most of India during the period of imperialism. This company controlled the political, social, and economic life in India for more than 200 years.

Dutch East India Company

A company founded by the Dutch in the early 17th century to establish and direct trade throughout Asia. Richer and more powerful than England's company, they drove out the English and Established dominance over the region. It ended up going bankrupt and b

Tokugawa Shogunate

(1603-1867) Feudal Warlord rulers of Japan. Responisble for closing Japan off from the rest of the world. Overthrown during the Meiji Restoration.

Silver Drain

Money coming from Europe to pay for the luxury products of the East, bulk of worlds silver eventually ended up in China

Potosi

Located in Bolivia, one of the richest silver mining centers and most populous cities in colonial Spanish America.

Manilla Galleons

the spanish trading ships that sailed across the pacific island between manila and new mexico

soft gold

nickname used in the early modern period for animal furs, highly valued for their warmth and as symbols of elite status; in several regions, the fur trade generated massive wealth for those engaged in it

African Diaspora

Because of the transatlantic slave trade large populations of Africans were relocated to North and South America

Benin/Dahomey

1450-1750 : A west-African kingdom ( in what is now Nigeria) whose strong kinds sharply limited engagement with the slave trade. A West African kingdom that became strong through its rulers' exploitation of the slave trade.

mercantalism

Economic system of trading nations; belief that a nation's power was directly related to its wealth

Ayuba Suleiman Diallo

Muslim African caught in the slave trade, impressed his owner with his knowledge and was allowed to send a letter to Africa and he attained his freedom