Economics Systems , | As societies develop, they affect and are affected by the ways that they produce, exchange, and consume goods and services. :5:\"\"';9' Historical Developments Study Guide Notes e e labor goes. Draw an image showing where the flow of goods, wealth, and What was this called? The Atlantic trading system involved the movement of goods, wealth, and labor, including slaves. Define the price revolution. 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. Besides silver, what other products were the Spanish farming/ mining in the Americas? AMSCO 4.5 Explain the continuities and changes in networks of exchange from 1450 to 1750. Describe an example of a new commercial practice or service. Poasant and artisan labor | List a product from each area that was traded: continued and intensified in many regions as the demand for food and consumer goods increased. Western Europe: India: China: Respond to the Learning Objective