1. During the 16th and 17th centuries, what did Europeans compete for? 2. What was the goal of “mercantilism?” 3. What does it mean to be “self-sufficient” as a nation? 4. According to mercantilism, how does a nation become self- sufficient? Commericial Revolution Review

1. During the 16th and 17th centuries, what did Europeans compete for? 2. What was the goal of “mercantilism?” 3. What does it mean to be “self-sufficient” as a nation? 4. According to mercantilism, how does a nation become self- sufficient? Commericial Revolution Review Markets, colonies, and natural resources

1. During the 16th and 17th centuries, what did Europeans compete for? 2. What was the goal of “mercantilism?” 3. What does it mean to be “self-sufficient” as a nation? 4. According to mercantilism, how does a nation become self- sufficient? Commericial Revolution Review Markets, colonies, and natural resources for a country to become self- sufficient

1. During the 16th and 17th centuries, what did Europeans compete for? 2. What was the goal of “mercantilism?” 3. What does it mean to be “self-sufficient” as a nation? 4. According to mercantilism, how does a nation become self- sufficient? Commericial Revolution Review Markets, colonies, and natural resources for a country to become self- sufficient to be able to produce all the goods and services to meet your country’s needs

1. During the 16th and 17th centuries, what did Europeans compete for? 2. What was the goal of “mercantilism?” 3. What does it mean to be “self-sufficient” as a nation? 4. According to mercantilism, how does a nation become self- sufficient? Commericial Revolution Review Markets, colonies, and natural resources for a country to become self- sufficient to be able to produce all the goods and services to meet your country’s needs acquire colonies so that colonies can provide natural resources and be a market for manufactured goods

5. What is the role of colonies in mercantilism? 6. Something “commercial” deals with what? 7. How was new trade and exploration paid for? 8. What is the advantage of Joint- Stock Companies? Commericial Revolution Review

5. What is the role of colonies in mercantilism? 6. Something “commercial” deals with what? 7. How was new trade and exploration paid for? 8. What is the advantage of Joint- Stock Companies? Commericial Revolution Review 1. Provide raw materials 2. Be a market for manufactured goods

5. What is the role of colonies in mercantilism? 6. Something “commercial” deals with what? 7. How was new trade and exploration paid for? 8. What is the advantage of Joint- Stock Companies? Commericial Revolution Review 1. Provide raw materials 2. Be a market for manufactured goods business and trade

5. What is the role of colonies in mercantilism? 6. Something “commercial” deals with what? 7. How was new trade and exploration paid for? 8. What is the advantage of Joint- Stock Companies? Commericial Revolution Review 1. Provide raw materials 2. Be a market for manufactured goods business and trade 1. New money and banking systems (more loans) 2. Joint-Stock companies

5. What is the role of colonies in mercantilism? 6. Something “commercial” deals with what? 7. How was new trade and exploration paid for? 8. What is the advantage of Joint- Stock Companies? Commericial Revolution Review 1. Provide raw materials 2. Be a market for manufactured goods business and trade 1. New money and banking systems (more loans) 2. Joint-Stock companies it spreads the risk (and rewards) of doing business. Stocks are common today.

9. Which Joint-Stock company controlled trade with India? Commericial Revolution Review

9. Which Joint-Stock company controlled trade with India? Commericial Revolution Review East India Company (British)