1 / 19

New Year 1/3/2011

Objective: TWW investigate the Commercial Revolution, mercantilism, and capitalism in order to evaluate their effect on the wealth of the Americans and Europe. New Year 1/3/2011.

bainbridge-gourley
Download Presentation

New Year 1/3/2011

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Objective: TWW investigate the Commercial Revolution, mercantilism, and capitalism in order to evaluate their effect on the wealth of the Americans and Europe. New Year1/3/2011

  2. Drill: What occurred first ???Rewrite these in the correct orderPortuguese Begins the Exploration ageScientific RevolutionCortez conquers the AztecsColumbian exchange 1. What caused the sharp decline in the Native American population between 1500 and 1550?2. What two areas were involved in the Columbian Exchange?

  3. Record your responses in the notes section of your drills:Examine your bookbags, watches, shoes, clothing, and other belongings in order to determine their country of origin. Record your answers.

  4. In this lesson, students will be able to define the following terms: The Commercial Revolution Mercantilism Colonies Mother Country Capitalism The Commercial Revolution

  5. DIRECTIONS: Record the following information on the chart pictured below

  6. The Commercial Revolution marked an important step in Europe from local economies to a global economy.

  7. Mercantilism was the belief that a nation’s power depended on the ownership of gold and silver. In order to acquire gold and silver, European countries established overseas colonies. Colonies provided gold and silver. Mercantilism

  8. Mercantilists believed that a country’s wealth was based on the amount of gold and silver it acquired.

  9. Mother countries were conquerors. The conquered land was a colony. In addition to mining for gold and silver, Mother countries imported natural resources or raw materials and exported finished goods. Mother Countries and Colonies

  10. Mother countries imported cheap raw materials like cotton and exported more expensive finished goods like shirts.

  11. Merchants and bankers laid the foundations for capitalism. In a capitalist system, business owners risk their capital (money) to start new businesses hoping to make profits. Individuals formed joint-stock companies. Capitalism

  12. A stock certificate represents partial ownership in a business.

  13. A Joint stock company is a privately owned company that sells stock or partial ownership in the company to investors. Investors risk their capital or money when they purchase stock. If the company is successful, the investor receives his share of the profits. Joint Stock Companies

  14. Joint stock companies were sometimes given charters to establish settlements in the “New World”.

  15. “Triangular” trade made some continents wealthy while it impoverished other continents. (Include this in Impact)

  16. European kings increased their wealth and power through conquest and colonization.

  17. While European Kings and capitalists increased their wealth, Native Americans and Africans were terribly exploited.

  18. How did European nations increase their wealth and power? Why did individuals invest in Joint stock companies? What was “Triangular” trade? What was the relationship between a mother country and a colony? Questions for Reflection:

  19. Create a company of your own, Start by thinking of a product E. Napp Now that we have the basics

More Related