Discusses the world market from 1300 to 1700 and the first trading network between America and China

Between 1300 and 1700 drastic changes in Europe and Asia ultimately established a new trading network which created a coherent world market directly linking America and Asia for the first time. In the 1300s epidemics of bubonic plague swept from China and Korea to the west coast of Europe. Dramatic population decline led to economic disruption that was intensified by a series of bad harvests. By 1350 the plague had reached much of northern Europe. Trade continued along …

…northern coast of Africa across the Mediterranean Sea and with the Americas across the Atlantic Ocean. And for the first time China traded with America across the Pacific ocean, establishing a circumnavigating trade route. Silver trade decreased by 1700 after the inflation in Europe and China. Europeans continued to make use of American lands by buying slaves in Africa and shipping them off to the American to work on plantations and trading the crops in Europe.