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T
he Columbian Exchange refers to the exchange of diseases, ideas, food
crops, and populations between the New World and the Old World
following the voyage to the Americas by Christopher Columbus in 1492.
The Old World—by which we mean not just Europe, but the entire Eastern
Hemisphere—gained from the Columbian Exchange in a number of ways. Discov-
eries of new supplies of metals are perhaps the best known. But the Old World also
gained new staple crops, such as potatoes, sweet potatoes, maize, and cassava. Less
calorie-intensive foods, such as tomatoes, chili peppers, cacao, peanuts, and pineap-
ples were also introduced, and are now culinary centerpieces in many Old World
countries, namely Italy, Greece, and other Mediterranean countries (tomatoes),
India and Korea (chili peppers), Hungary (paprika, made from chili peppers), and
Malaysia and Thailand (chili peppers, peanuts, and pineapples). Tobacco, another
New World crop, was so universally adopted that it came to be used as a substitute
for currency in many parts of the world. The exchange also drastically increased
the availability of many Old World crops, such as sugar and coffee, which were
particularly well-suited for the soils of the New World.
The exchange not only brought gains, but also losses. European contact
enabled the transmission of diseases to previously isolated communities, which
164 Journal of Economic Perspectives
caused devastation far exceeding that of even the Black Death in fourteenth-century
Europe. Europeans brought deadly viruses and bacteria, such as smallpox, measles,
typhus, and cholera, for which Native Americans had no immunity (Denevan, 1976).
On their return home, European sailors brought syphilis to Europe. Although less
deadly, the disease was known to have caused great social disruption throughout
the Old World (Sherman, 2007).
The effects of the Columbian Exchange were not isolated to the parts of the
world most directly participating in the exchange: Europe and the Americas. It also
had large, although less direct, impacts on Africa and Asia. European exploration
and colonization of the vast tropical regions of these continents was aided by the
New World discovery of quinine, the first effective treatment for malaria. Moreover,
the cultivation of financially lucrative crops in the Americas, along with the devas-
tation of native populations from disease, resulted in a demand for labor that was
met with the abduction and forced movement of over 12 million Africans during
the sixteenth to nineteenth centuries (Lovejoy, 2000; Manning, 1990).
Disease