IB History Topic Economic Impact of Exploration and Conquest Revision Notes (HL)

IB History Topic Economic Impact of Exploration and Conquest Revision Notes (HL) | RevisionDojo

Exploitation of resources
1. Europeans viewed the Americas primarily as a source of wealth, extracting gold, silver, sugar, and later cash crops like tobacco and coffee for European markets.
2. Colonies were designed to serve mercantilist goals, supplying raw materials to the mother country and buying European manufactured goods.
3. Resource extraction caused environmental damage, including deforestation, soil depletion, and the destruction of Indigenous farmlands.
4. The exploitation of labor and land created an Atlantic economy that linked Europe, Africa, and the Americas in a system of trade and enslavement.
Spanish silver boom
1. The discovery of massive silver deposits at Potosí (Bolivia) and Zacatecas (Mexico) in the 16th century transformed Spain into Europe’s richest power.
2. By the late 1500s, Potosí alone produced nearly half the world’s silver, much of it mined by forced Indigenous labor.
3. Silver fueled Spain’s empire, paying for European wars, art, and naval expansion, and became a foundation of global trade, especially with Asia through the Manila Galleons.
4. The wealth also led to economic dependency, as Spain relied on colonial bullion instead of building local industries.
Gold and silver’s role
1. The discovery of massive silver deposits at Potosí (Bolivia) and Zacatecas (Mexico) in the 16th century transformed Spain into Europe’s richest power.
2. By the late 1500s, Potosí alone produced nearly half the world’s silver, much of it mined by forced Indigenous labor.
3. Silver fueled Spain’s empire, paying for European wars, art, and naval expansion, and became a foundation of global trade, especially with Asia through the Manila Galleons.
4. The wealth also led to economic dependency, as Spain relied on colonial bullion instead of building local industries.

The encomienda system

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Paywall

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Duis aute irure dolor in reprehenderit

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Note

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Excepteur sint occaecat cupidatat non proident

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Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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Exploitation of resources
1. Europeans viewed the Americas primarily as a source of wealth, extracting gold, silver, sugar, and later cash crops like tobacco and coffee for European markets.
2. Colonies were designed to serve mercantilist goals, supplying raw materials to the mother country and buying European manufactured goods.
3. Resource extraction caused environmental damage, including deforestation, soil depletion, and the destruction of Indigenous farmlands.
4. The exploitation of labor and land created an Atlantic economy that linked Europe, Africa, and the Americas in a system of trade and enslavement.
Spanish silver boom
1. The discovery of massive silver deposits at Potosí (Bolivia) and Zacatecas (Mexico) in the 16th century transformed Spain into Europe’s richest power.
2. By the late 1500s, Potosí alone produced nearly half the world’s silver, much of it mined by forced Indigenous labor.
3. Silver fueled Spain’s empire, paying for European wars, art, and naval expansion, and became a foundation of global trade, especially with Asia through the Manila Galleons.
4. The wealth also led to economic dependency, as Spain relied on colonial bullion instead of building local industries.
Gold and silver’s role
1. The discovery of massive silver deposits at Potosí (Bolivia) and Zacatecas (Mexico) in the 16th century transformed Spain into Europe’s richest power.
2. By the late 1500s, Potosí alone produced nearly half the world’s silver, much of it mined by forced Indigenous labor.
3. Silver fueled Spain’s empire, paying for European wars, art, and naval expansion, and became a foundation of global trade, especially with Asia through the Manila Galleons.
4. The wealth also led to economic dependency, as Spain relied on colonial bullion instead of building local industries.

The encomienda system

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics

IB History Economic Impact of Exploration and Conquest Notes

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

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anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account