European Age of Exploration

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Presentation transcript:

European Age of Exploration THE TO GAIN NEW LANDS AND NEW Scramble Wealth European Age of Exploration

European Competition Christopher Columbus India 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?! Christopher Columbus India

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

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

PORTUGAL SPAIN

Later Treaties... SPAIN PORTUGAL SPAIN

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? 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?

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

THE COLUMBIAN EXCHANGE

MERCANTILISM POWER GOLD = ► 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! POWER GOLD =

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

_________________________ COLONIES COLONIES = _________________________ CHEAPER GOODS!!! Raw materials

Joint-Stock Companies CAPITALISM WHAT? 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 Joint-Stock Companies