AP European History / Unit 5: Conflict, Crisis, and Reaction in the Late 18th Century
5.2 The Rise of Global Markets
Notes
Atlantic trade grew (sugar, tobacco, cotton, enslaved people). Consumer goods (coffee, tea) spread. Banking and credit expanded; speculative bubbles (the South Sea Bubble) occurred.
Practice
The South Sea Bubble was:
1720.
New consumer goods in 18th-century Europe included:
Colonial products.
Global trade in the 1700s depended heavily on:
Atlantic system.
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