Chapter 16 The World Economy I. Introduction A. What are consequences of? 1. Voyages of Columbus 2. Exploration of Europeans 3. Empires built by European conquerors/missionaries B. Consequences 1. Power shift 2. Redefinition of interchange D. Patterns of diffusion 1. Classical ? developing regional economies/cultures ? Medit./China a. External conflicts existed, but not that important 2. Postclassical Era ? contacts increase a. Missionary religions spread b. Interregional trade key component of economies ? bet. continents c. Some regions dominated trade ? Muslims then Mongols 3. 1450-1750 ? Eve of the Early Modern Period a. New areas of world brought into global community ? Americas b. Rate of global trade increased ? Southeast Asia