Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: marcos who wrote (14086)	1/28/2002 4:22:27 AM
From: Snowshoe	Read Replies (1) of 74559

The Europeans got vastly higher benefits from the new world crops than from the gold. Potatoes and sunflowers were especially important to northern Europe and Russia, leading directly to a human population explosion. Long-staple cotton was an essential component of the industrial revolution. Maize, beans, peanuts and sweet potatoes are widely grown around the world. Other important and tasty new world crops include vanilla, pineapple, papaya, pumpkin, cranberry, avocado, passion fruit and cashews. Amaranth and quinoa, the highly nutritional mainstay seed crops of the Aztecs and Incas, are now being "rediscovered" by the rest of the world. But gold? The world has adopted the Native American attitude -- it's not really all that important. While nice for jewelry and certain industrial purposes, it's not central to our economy.

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