Fun activities such as gardening, cooking and baking, games, sports, art and crafts are offered and supervised by our two Englis School outings at the beginning of the year are always highly appreciated by students and teachers. Skip to content. I accept. Home News A moment of sharing and exchange between two classes. A moment of sharing and exchange between two classes. Categories Nyon News. Guns, a European technology, helped the conquistadors conquer these great empires. Over time, guns also changed Native American warfare and enabled Indians to fight more effectively against white settlers.
Two other important imports from Europe were language and religion. They often combined these languages with their own to create new dialects. Many also became Roman Catholic because of the influence of Spanish and Portuguese missionaries. New forms of religion arose as native people blended Christianity with their own beliefs. Europe The desire for riches was a major reason that Europeans explored the Americas.
As you learned in Chapter 33, gold and silver from the Americas changed European economies. Goods from Africa and Asia, such as gold and spices, also changed life in Europe. Over time, Europeans established colonies in the Americas.
Many natural resources and luxury items flowed from the colonies to Europe. From North America , Europeans got tobacco, fish, furs, and whale oil. Raw materials such as cotton fed the growth of manufacturing industries and trade. Europeans also acquired new knowledge. For example, they learned farming techniques from Native Americans that helped them survive in the Americas. Africa The slave trade had an enormous impact on Africa, especially in West Africa. Slavery forever changed the lives of millions of enslaved Africans who were taken to the Americas.
It also affected the lives of other Africans. Tribal wars erupted as chiefs sought captives to sell as slaves. Europeans interfered in African political affairs as they supported one chief over another in the hope of getting slaves. European religion and languages had a relatively small impact on most of Africa during this period. Some Africans became Christians.
Some also learned Portuguese. Europeans would have a much larger effect on African life when they established huge colonies in Africa in the s and s. Asia In Asia , contact with Europeans led to the spread of the Christian religion.
In Indonesia , Islam also spread as Muslims competed with the Portuguese for control of trade. At various times, both China and Japan resisted the influence of foreign traders and missionaries. As a result, Europeans had a limited impact on these countries during this period. As you have learned, some Japanese and Chinese adopted Christianity. Warfare in Japan changed as the Japanese learned about guns from Europeans.
Europeans also imported new goods into Japan , including tobacco. The Chinese learned about new scientific instruments from European missionaries. Some European books were published in Chinese, especially scientific books. They can also require the buyer to pay a third party —a bank—in the event that the buyer fails to make good on his agreement with the seller. With such a stipulation, the buyer's bank will pay the seller's bank, thereby completing the bill of exchange, then pursue its customer for repayment.
Promissory notes are similar to bills of exchange in that they, too, are a financial instrument that is a written promise by one party to pay another party.
They are debt notes that provide financing for either a company or an individual from a source other than a traditional lender , most commonly one of the parties in a sales transaction. In the United States, promissory notes have historically been limited in usage to corporations or high-net-worth individuals, but have recently become more commonly used, primarily in real estate transactions. Promissory notes are retained by the payee or seller and, once payment has been completed, must be canceled and returned to the issuer or buyer.
In terms of legal enforceability, a promissory note is more formal than an IOU but less so than a standard bank loan. Securities and Exchange Commission. Accessed May 28, International Markets. Real Estate Investing. Loan Basics. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.
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