Assignment 1.2: A Changing World Final PaperDue Week 5 and worth 140 pointsThe discovery of America and that of the passage to the East Indies by the Cape of Good Hope, are the two (2) greatest events recorded in the history of [human] kind” – Adam Smith, in The Wealth of Nations,1776. Think about why he and many other notables supported this statement, especially concerning the discovery of America. What was so important about this New World across the Atlantic Ocean from Europe? How did it change globalization in terms of trade, culture, societies, innovations, new and old world exchanges, and in other ways?You have already developed a thesis statement and developed an outline in which you identify three (3) main points relevant to your topic. Now you will develop the final paper in which you explore your main points in detail.Write a three to five (3-5) page paper in which you:Introduce your paper with your previously crafted thesis statement.Identify three (3) major aspects that demonstrate Old and New World exchanges. Explain your responses with specific examples and details.Identify three (3) specific groups that were affected by this global event and provide two (2) examples for each group describing how the group was affected.Summarize how this discovery affected the life of the average working American during the colonial period. Use specific examples and details.Use at least three (3) academic references besides or in addition to the textbook. Note: Wikipedia and other similar websites do not qualify as academic resources.Your assignment must follow these formatting requirements:This course requires use of Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.The specific course learning outcomes associated with this assignment are:Recognize the main factors that led to Americas early development.Use technology and information resources to research issues in American history to 1865.Write clearly and concisely about American history to 1865 using proper writing mechanics.