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The "Old World" (Latin: Mundus Vetus) is a term for Afro-Eurasia that originated in Europe after 1493, when Europeans became aware of the existence of the Americas.[1] It is used to contrast the continents of Africa, Europe, and Asia in the Eastern Hemisphere, previously thought of by inhabitants of European descent as comprising the entire world, with the "New World", a term for the newly encountered lands of the Western Hemisphere, particularly the Americas.[2] While located closer to Afro-Eurasia within the Eastern Hemisphere, Australia is considered neither an Old World nor a New World land, since the phrase was coined by Europeans after the distinction had been made upon their discovery of the already inhabited lands; both Australia and Antarctica were associated instead with the Terra Australis that had been posited as a hypothetical southern continent.