The Columbian Exchange was the process of exchanging animals, agriculture, and diseases. The most important change that I believe occurred was the agriculture exchange. The old world introduced more tropical fruits than what was available as well as grains. They brought over cash crops such as sugar and coffee beans because in Europe those were the crops that were priced the highest. In fact, it was so lucrative to grow sugar in the Carribean, they imported all of their food out so they had more room to grow it.
5.Great Britain received the colonists goods for cheap, and they gained more money than necessary due to the raising of the prices on the goods that the colonies would need. 6.Great Britain controlled politics in the
This increased the import tax on many different goods like sugar, that were brought in from abroad. Next was the Stamp
Therefore, Britain became rich and even though the trades earned a lot of money, the nobles wanted more. To make more money, King George raised the taxes of the American colonies. Most of the settlers were not all Englishmen, they were immigrants from other countries as well. Many felt like the taxes were too high. Because of these axes, this caused settlers to move west onto uncharted land.
In American Colonies, Alan Taylor argues that “the sugar boom revolutionized the economy, landscape, demography and social structure of Barbados.” (p.210). Sugar became very important for everyone who grew it, especially in Barbados. By 1660, Barbados made the most sugar consumed by England. This made “more trade and capital than all other English colonies combined.” (p.210). They produced about 25,000 tons of sugar.
He states “The productive prowess of the salve plantation was the driving force behind the commercial booms” (Blackburn, 398). Also the details that he provides in his book, Blackbum has some good points to back up his statement. It is the how economy functions, supply and demand, so we introduce a product to consumers and if they like it, there is a greater demand generated for that particular product. In this instance there was a high demand for plantation products and since technology was not yet advanced, the plantation owners relayed on slave labor, more slaves leads to larger output which leads to bigger profits. According to Blackburn the different slave plantations spread from Maryland to Sao Paulo.
One immediate consequence was that cotton production rose by nearly fifty times as Southern planters began processing their cotton with the gin. Additional improvements to the machine and the development of a large-scale factory version further spurred the rapid emergence of cotton as a profitable cash crop (Brain 60). Over the span of half a century, cotton production in the United States skyrocketed from four thousand bales in 1790 to over a million bales in 1840, an increase of over 250 times (“Cotton Kingdom” 75). By the 1840s, Southern cotton made up half of American exports and constituted about 60% of the world’s supply of cotton. In addition, cotton stimulated the national economy in multiple ways.
Hawaii has given the opportunity to the U.S. government to make a substantial amount of profit, which is an incredible reason for bringing annexation to Hawaii. During this time period, sugar was a very high selling product that everyone demanded for and Hawaii had sugar plantations across the land. For example, the Mckinley Tariff was great influential law towards the American economy. Unlike the Reciprocity Treaty, the McKinley Tariff exceedingly taxed goods that were imported to other foreign countries that were from Hawaii. However, importing sugar or goods to America did not have a high price that came along with it.
England being one of the most dominant countries during that era and also a very wealthy country only led it to be the main seller of manufactured goods. The amplification of new production goods enhanced businessmen to make create more factories, therefore causing Britain to obtain higher riches. Additionally, coal became very abundant after the Crystal Palace was created in the Great Exposition in London. Corn was also mentioned in the film as Scrooge’s business dealt with
Even though the machine would help the slaves work, they were needed to grow and pick the cotton now that the cotton was such a huge producer. Slaves were a main part of the South, and now that the Cotton Gin was in effect more slaves could not be freed. In fact, plantation owners began to move to larger plantations where they would need even more slaves. Southern farmers did not want to have to go out in the field and do the work that they could buy slaves to do for them. However, the Cotton Gin was a success in the South because it increased the population, and helped the production of Cotton become stronger.