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

2. 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

3. 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!!!

4. 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

5. PORTUGAL
SPAIN

6. Later Treaties...
SPAIN
PORTUGAL
SPAIN

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?
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. 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?

9. THE COLUMBIAN EXCHANGE

10. 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 =

11. 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

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

13. 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