The Atlantic Economy.

Slides:

Advertisements

Similar presentations

First you get the money, Then you get the power

Advertisements

NEW PATTERNS OF TRADE. 1. The Columbian Exchange a. pgs b. Columbian Exchange is the name historians give this period of time. It is the exchanging.

Objectives Explain how triangular trade worked.

Exploration and Empires Ch 6. Motives and Means for European Expansion ► “God, Glory, and Gold”  Wanted to spread Catholicism  Wanted adventure and.

Mercantilism and Triangular Trade. Overview Mercantilism is an economic system practiced by European countries from around 1600 through the 1700’s. It.

The Triangle Trade AIM: What was the triangle trade? Do Now: What was one cause of the triangle trade or slave trade?

The Commercial Revolution. Europe’s Economy Nation = basic economic unit Nations competed for markets and trade goods New business methods needed: –Investing.

9 th Grade World History. Colonialism: A policy in which a nation gains complete control over another foreign nation.

European Commercial Revolution 1. Essential Question  How did Mercantilism help to create a better environment for Free Enterprise? 2.

Colonial Economies.

The Age of Exploration Chapter 13. Reasons for Exploration   War and the conquests by the Ottoman Turks reduced the ability to travel by land.   3.

EXPLORATION Reasons for Exploration. Let’s Review Why did European's explore by sea? Who were the two main players in exploration? What are the Three.

Atlantic Slave Trade, Commercial Revolution, and Exploration: Big Picture Age of Exploration.

Intro to the Slave Trade (aka Triangular Trade). Warm-up 4/20 What is slavery?

Atlantic Slave Trade and the Columbian Exchange. Causes of Slave Trade Existed in Africa for centuries. Spread of Islam into Africa increased slave trade.

exchange of people, plants, animals, technology and ideas that would change the lives of people in Europe, the Americas and Africa.

The Triangle Trade AIM: What was the triangle trade? Do Now: What was one cause of the triangle trade or slave trade?

LESSON 5 EUROPEANS RACED TO THE AMERICAS (RACED) UNIT 3 AGE OF EXPLORATION.

The Atlantic Economy. The European Economy from Middle Ages to 1500 Feudal Middle-Ages After the black death, fewer people meant better conditions for.

Economics and Colonization. European Exploration and Colonization of North America.

The Triangular Trade. With the exchange of goods between ______ and _______, Europeans developed a new trade pattern called the _______ trade. The ________.

JOURNAL DISCUSSION How did 300 years of American slavery affect the United States?

20.3: The Atlantic Slave Trade. What happened to the natives that were used as slaves?

Essential Question: What were the global impacts of the European Age of Exploration? Warm-Up Question: What was the Columbian Exchange? What is mercantilism?

The Commercial Revolution New wealth from the Americas combined with a dramatic growth in overseas trade created the Commercial Revolution. The transfer.

The Age of Exploration. Why did Europeans begin to explore? The desire to grow rich The desire to spread Christianity New advances in sailing and exploration.

Warm-up Re: Period 1 ( ): List at least one example of “contact”, “commerce” and “competing philosophies”

The Development of British North America EQ: How did the American colonies change during British colonization?

7 th Chapter 16-3 Cornell Notes “Origins of Capitalism”

Mercantilism. Mercantilism The belief that a country’s economic strength depended upon getting more gold by exporting more than importing.

Global History I The Encounter Do Now What is your favorite dish to eat in the world? What ingredients go into that dish?

Colonial Economies, Slavery, and England’s Control.

Mercantilism. The Age of Exploration provides tremendous wealth from colonies: Mexico/ S. America Gold / Silver Spain North America Sugar / Coffee England/

Colonization and Trade in the New World Making Wealthy Countries Wealthier.

Chapter 4, Section 2. How did the European Age of Exploration change the world?

New France Canada claimed by the French

The Transatlantic Slave Trade

An Introduction to European Exploration & Expansion

WHII: SOL 4d, e, f Columbian Exchange.

Impact of Spanish Colonization

Mercantilism and Triangular Trade

The Atlantic World- Chapter 4

LESSON 3 The Colonial Economy.

Age of Exploration Atlantic Slave Trade, Commercial Revolution, and Exploration: Big Picture.

Period Two: Briefly describe how The Enlightenment and The Great Awakening affected the world view of British colonial America and its relationship.

CONSEQUENCES OF EUROPEAN EXPLORATION AND THE DISCOVERY OF THE AMERICAS

European Expansion The era of the Renaissance and Reformation was accompanied by the emergence of a modern capitalist economy and an age of exploration.

The Columbian Exchange María Sanz

The Columbian Exchange

Global Economic Systems

Exploration and Colonization Cause and Effect

Reasons for European Exploration

Triangular Trade and Mercantilism

English Trade Laws Colonial Trade The Middle Passage (Slave Trade)

Mercantilism and Triangular Trade

Essential Question: Why would a country want colonies?

Despite the fact that Columbus never found Asia, Ferdinand Magellan still thought he could reach Asia by sailing West Magellan became the first explorer.

An Introduction to European Exploration & Expansion

Test Question for Tomorrow

The European Commercial Revolution

Triangular Trade Trade means to exchange or swap things. It could be raw materials or manufactured good or even people.

New World and new racial structure

Global Economic Systems

AIM: HOW DID THE AGE OF EXPLORATION SHAPE WORLD HISTORY?

Ginger purchase price per pound $100 $30 $20 $10 $90 $60 $85 $5

Warm-Up Do NOT use your Book! From memory ONLY! Remember the song!

Warm-Up Do NOT use your Book! From memory ONLY! Remember the song!

Age of Exploration Vocabulary.

How did the European Age of Exploration change the world?

Presentation transcript:

The Atlantic Economy

Mercantilism The Atlantic economy was based on the Mercantilist System. Mercantilism is an economic system where all resources should be put to the service of the parent country (the state). Raw materials were extracted from colonies. Finished products were furnished in the parent country and sold at home or abroad (other nations or its colonies). A country’s wealth was measured by its ability to import more gold and silver than it exported to other countries. The amount of gold in the word was thought to be fixed. A nation’s ultimate goal was to be self sufficient.

Mercantilism in Practice European empires, such as Spain, England and France, colonized the New World in pursuit of resources. Resources included precious metals like gold and silver, or agricultural products like tobacco, cotton, sugar, coffee, tea, etc… Slave labor provided much of the labor force in these colonies.

The Columbian Exchange The trade routes of raw materials, labor and finished products between Europe, Africa and the Americas. Slaves from Africa to the Americas, raw materials from the Americas to Europe, and finished products from Europe, to the world. Raw materials, primarily, coffee, chocolate, cocoa, and sugar from the tropics, and fish, tobacco, and furs from further north. Sugar had the highest demand, and this demand fueled the slave trade.

The Slave Experience on a Slave Ship Slaves travelled the weeks-long voyage through the “middle passage” on slave ships to be sold in the Americas. 10-20 percent of the slaves died on slave ships. 20-25 percent of the crew would die. Olaudah Equiano’s experience. Read “Olaudah Equiano Describes Passage on a Slave Ship”. Answer questions 1-4. Be prepared to discuss.