Yes, you are correct. The Columbian Exchange refers to the exchange of new goods globally as a result of European exploration. It was named after Christopher Columbus, who was an Italian explorer, and it occurred during the late 15th and early 16th centuries. This exchange involved the interchange of various items between the Eastern and Western Hemispheres. Some of the goods that were exchanged included plants, animals, diseases, cultural practices, and even technology. This exchange had a significant impact on both the Old World (Europe, Africa, and Asia) and the New World (the Americas) as it facilitated the spread of goods, ideas, and diseases between these regions.