The New World and the Rise of European Capitalist Hegemony: Some Historiographical Perspectives

Abstract

The Columbian legacy also involved catastrophic demographic collapse and brutal exploitation. Within fifty years of Spanish occupation, native populations of the Caribbean archipelago verged on extinction; after eighty years, demographic decline in Mexico and Central America may have reached ninety percent. Although epidemiological transfers devastated American Indians, other aspects of inter-hemispheric biological exchange substantially enhanced the world's capacity to support human life. Eurasian grazing stock (goats, cattle, pigs, sheep) as well as animals of burden (horses and oxen) were introduced to the Americas while native American plants — not least, the potato, maize, tomato, various beans, and squash — were transferred to the Eastern Hemisphere. Precious metals were also conveyed to the Old World with effects that continue to be debated upon European economic growth, the distribution of wealth, the organization of power, and the conduct of war. Africa's portion of the Columbian legacy was to supply 5/6ths of the human migrants from the Eastern to the Western Hemisphere between 1492 and 1775 and to experience the domestic transformations dictated by the Atlantic slave trade. Taken together, the convergence of continents in the age of discovery would appear to have shaped the modern world, as Abbe Raynal implied. But did it? From Raynal's time to our own, how have historians related these developments to the advent of modernity or to the establishment of Europe's global economic paramountcy? Did the development of the Old World hinge upon the discovery of the New?