The discovery of America and that of the passage to the East Indies by the Cape of Good Hope, are...

Question

The discovery of America and that of the passage to the East Indies by the Cape of Good Hope, are the two (2) greatest events recorded in the history of [human] kind” – Adam Smith, inThe Wealth of Nations,1776. Think about why he and many other notables supported this statement, especially concerning the discovery of America. What was so important about this New World across the Atlantic Ocean from Europe? How did it change globalization in terms of trade, culture, societies, innovations, new and old world exchanges, and in other ways?
You have already developed a thesis statement and developed an outline in which you identify three (3) main points relevant to your topic. Now you will develop the final paper in which you explore your main points in detail.
Write a three to five (3-5) page paper in which you:

Introduce your paper with your previously crafted thesis statement.

Identify three (3) major aspects that demonstrate Old and New World exchanges. Explain your responses with specific examples and details.

Identify three (3) specific groups that were affected by this global event and provide two (2) examples for each group describing how the group was affected.

Summarize how this discovery affected the life of the average working American during the colonial period. Use specific examples and details.

Use at least three (3) academic references besides or in addition to the textbook.Note
:Wikipedia and other similar websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

This course requires use ofStrayer Writing Standards(SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.

The specific course learning outcomes associated with this assignment are:

Recognize the main factors that led to America's early development.

Use technology and information resources to research issues in American history to 1865.

Write clearly and concisely about American history to 1865 using proper writing mechanics.

Soumi · Accepted Answer

Running Head: MAJOR ASPECTS OF A CHANGING WORLD	1
MAJOR ASPECTS OF A CHANGING WORLD						6
MAJOR ASPECTS OF A CHANGING WORLD
THESIS AND OUTLINE
Table of Contents
Introduction and Thesis Statement	3
Three Major Aspects of Old and New World Exchange	3
Disease Spread	3
Mercantilism	3
Commodification	4
Three Specific Groups Affected by Old and New World Exchange	4
Powhatan Farmers of Virginia	4
Inca Tribes of Andes	4
Aztec of Mesoamerica	5
Summarizing the Impact of this Discovery on the Lives of Average Working Americans	5
References	6
Introduction and Thesis Statement
	The exchange between New World formed with America and Oceania and the Old World— Europe, Asia, revolutionized the course of human civilization. The political, socio-cultural and economic systems were redesigned, which are worth discussion for better assessment of the development pattern of human interaction. 
Three Major Aspects of Old and New World Exchange
Disease Spread
	As the New World was geographically detached from the Old World people, there was significant lack of immunity among the New World people against diseases that existed in the Old World. Therefore, when the exchange took place, huge number of New World people was exposed to diseases, to which they were vulnerable. As a result, significant percentages of indigenous people died and even some communities got extinct. The lack of immunity caused widespread diseases in the New World, while the Old World marveling over their superior immunity, faced no such issues on their side (National Humanities Centre, 2001).
Mercantilism
	Taking full advantage of the lack of immunity among the New World people and the lack of knowledge about the global trade, the Old World business organizations started extracting the resources from New World, undermining their potential of developing indigenous industries (Smith, 1776). The Old World business organizations started building labor markets with cheap labor for maximum profit and less risk, the process of which is called Mercantilism. As mentioned by Kennedy,

The discovery of America and that of the passage to the East Indies by the Cape of Good Hope, are the two (2) greatest events recorded in the history of [human] kind” – Adam Smith, in The Wealth of...

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