How the Columbian Exchange Still Affects Nowadays Economy and Business

Share via

The Columbian Exchange set into motion a lot of factors that affect the modern world considerably. The exchange of tradition and commodities between the “old” and the “new” world brought global change and effects felt till this day. How does the Columbian Exchange affect us today? Has it paved the way for globalization? And how has the Columbian Exchange given a push to Urbanization?

Christopher Columbus’ journey back in October 1492 led to many events, which are now called the Columbian Exchange. We have gathered facts through research and the help of online free essay samples on EduZaurus about the Columbian Exchange to bring you this informative article that will blow your mind. We shall cover all you need to know about Columbian Exchange and its effect on the modern world to date

How does the Columbian Exchange still affect Nowadays Life?

Todays’ world is full of new traditions and commodities which came to be after the Columbian Exchange. Products such as Tobacco and Cacao grew in some continents. But you can now find both of these commodities everywhere after the interchange.

The exchange of commodities is just the tip of the ice-barge compared to the many traditions transferred during the Columbian Exchange, which affect us to date. For instance, free trade became weak and extinct after the Columbian Exchange. The mercantilist practice of not believing in free trade can be seen in today’s generation. Everything is monetized, from food to clothes and furniture.

The Belief of nations controlling trade to gain wealth and enhance state power is visible in the modern world. Countries have closed borders and ask for massive amounts of money to ship items into their country, or as they call it, tax. The government charges tax on every item sold on the market, from an apple to a car, Just like in the Mercantilism Colonial times during the Columbian Exchange.

The Columbian Exchange diseases such as chickenpox and measles, which were introduced to the native people, affect them to the current moment. Therefore, countries invest millions of money on vaccines which only exist due to the Columbian exchange. However, this has also motivated countries into researching different diseases and coming up with new and improved medication.

Importing and exporting of items was also invented in the Columbian era. Colonies sent raw material to Europe and got back manufactured goods. In the modern world, importing and exporting goods happens each day among countries. All these points are proof that the Columbian Exchange still affects our lives to this day. You can also get an online essay paper that discusses these points in depth.

How has globalization via the Columbian Exchange given a push to Urbanization?

What is Globalization?

Globalization is the act of organizations or businesses developing international influence or commencing trade on a global scale.

Urbanization

Urbanization is the act of people migrating from a rural area into urban areas.

Columbian Exchange is the cornerstone of today’s globalization. Thus, every new issue of fact regarding globalization is a build-up of how inter-trade between countries occurred during the Columbian interchange era.

After the Columbian Exchange, countries learned new facts about life, new resources to use, and even new languages. People started to realize that there was life beyond farming and that international trade has many benefits. As a result, many people have begun to leave the rural areas to open businesses in the urban areas to have a piece of the international trade. But how has this move affected the education, economy, and businesses of countries?

Economy-wise, international trade has brought in a lot of income for the government as most native countries have many raw materials. Businesses and organizations which have ventured into international trade have also earned handsome returns. Countries are also trying to improve the education system to reduce the language barrier; hence English is taught in many countries.

Also, schools in urban areas tend to be more sophisticated; therefore, many children have access to better education due to globalization, hence better learning.

Conclusion

The final product of the Columbian Exchange is the modern world we have today. International trade has brought us closer, though cultural tension and biological threats still haunt us each day.