The Atlantic trading system involved the movement of goods, wealth, and labor, including slaves. The new global circulation of goods was facilitated by chartered European monopoly companies and the global flow of silver, especially from Spanish colonies in the Americas, which was used to purchase Asian goods for the Atlantic markets and satisfy Chinese demand for silver. Regional markets continued to flourish in Afro-Eurasia by using established commercial practices and new transoceanic and regional shipping services developed by European merchants. Peasant and artisan labor continued and intensified in many regions as the demand for food and consumer goods increased. Increased peasant and artisan labor include; Western Europe— wool and linen; India—cotton; and China—silk.
Silver bullion
Commercial Revolution
Triangular Trade
Capital (Capitalism)
Monopolies
Joint-Stock/limited liability
*DBQ: Grouping documents based on HIPP similarities
Despite the significant changes in trading systems during this period, there were many important continuities within exchange networks.
1450 to 1759 was a period of large-scale change in global trading systems. The Americas joined the Afro-Eurasian trading system, & Europe commercialized & began its global expansion and conquest. The commercial revolution was a large-scale increase in commerce within the European economy in the 11th century & lasted until the 18th century, when Europe entered its Industrial Revolution.