1. European Age of Exploration THE TO GAIN NEW LANDS AND NEW

2. European Competition 1492: Spain funded the voyage of _______________________ _______________________ ► He landed in the Caribbean, but… ► Everyone thought he landed in ________ ► He claimed land for Spain BUT were the Portuguese there first?!

3. NO WAY!!! WE CLAIMED INDIA FIRST!!! WE CLAIMED INDIA FIRST!!! NO WAY!!! WE CLAIMED INDIA FIRST!!! LET’S SETTLE THIS ONCE AND FOR ALL… WHERE’S THE POPE?

4. European Competition Treaty of Tordesillas (1494) ► Conflict between _______________ & _______________ _______________ ► Pope divided the world in ► Pope divided the world in half to be controlled by these half to be controlled by these two countries two countries SPAIN = PORTUGAL =

7. BIG QUESTIONS: 1) Why weren’t other European countries included in this deal? 2) Was any consideration given to other ethnicities and countries? 3) Who made out better in the deal: Spain or Portugal? How can you tell? Portugal? How can you tell? 4) Could this whole fight have been avoided? How? 5) What language do you think is spoken in Brazil? What about the rest of South America?

8. Columbian Exchange The global transfer of goods beginning with the voyage of Columbus New economic activity, new foods/ideas, and spread of diseases OH NO! I’va gotta all deesa pasta and no tomato sauce to put onna it!

9. THE COLUMBIAN EXCHANGE

10. MERCANTILISM ► An economic principle that a nation’s strength depended on its wealth ( 1500s-1700s) ► Countries fought to accumulate as much gold and silver as possible!

11. MERCANTILISM GOAL: _____________________________ Sell more than you buy! Sell more than you buy!HOW? 1)____________: Import Taxes 2) Subsidies: Government loans to start businesses and encourage trade 3) Establish Colonies

12. COLONIES COLONIES=_________________________= CHEAPER GOODS!!!

13. CAPITALISM Most economic activity is carried out by: individuals or organizations seeking a profit ____________________________ Large businesses in which profits and losses are shared among the investors EXAMPLE: British East India Company - Imported spices