The Rise of a Global Economy

The Seven Years’ War (1754–1763) established a new balance of power in Europe in which Britain emerged as the dominant empire. The French surrendered their imperial possessions in North America and India to Britain, while the Spanish surrendered Florida and the French gave control of the Louisiana Territory to Spain. The Peace of Hubertusburg guaranteed Prussian control of Silesia and confirmed Prussia’s status as a major force in Europe.        The British East India Company provided the British with a strong basis of military and economic power in south Asia; it and Britain both benefited economically from their colonial control of India. In China, the Qing dynasty’s leaders completed new trade treaties with foreign nations, including the Treaty of Kyakhta (1727) with Russia, and improved trading relationships with Japan, the nations of Southeast Asia, and the Philippines. Under the Canton system, China increased its trade with Europe and improved its economy, while rejecting most European trade goods and insisting on payment in silver, acquiring a very favorable balance of trade.       European colonialism did not go unopposed. In Africa, the Ndongo battled the Portuguese, the Khoisan and Xhosa fought the Dutch, and the Asante opposed British expansion. In both India and China, people took up arms against Britain. Ironically, some of the strongest opposition to the role of Great Britain came from its own colonies in North America, where economic dissatisfaction led to a declaration of independence.            All images referenced in this podcast can be found at https://openstax.org/books/world-history-volume-2/pages/6-2-the-rise-of-a-global-economy            Welcome to A Journey into Human History.    This podcast will attempt to tell the whole human story.       The content contained in this podcast was produced by OpenStax and is licensed under a Creative Commons Attribution License.     Access for free at https://openstax.org/books/world-history-volume-2/pages/1-introduction    Podcast produced by Miranda Casturo as a Creative Common Sense production.Become a supporter of this podcast: https://www.spreaker.com/podcast/a-journey-into-human-history--5860966/support.