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Age of Exploration Part III. What other countries sought access to the Spice Trade in Asia? The Netherlands (aka Holland “The Dutch”) England 2. Where in North America did the Dutch establish a colony? The area that became New York City
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What other countries sought access to the Spice Trade in Asia? • The Netherlands (aka Holland “The Dutch”) • England 2. Where in North America did the Dutch establish a colony? • The area that became New York City • The Dutch “bought” Manhattan Island from Indians and named it New Amsterdam
3. What parts of North America did France colonize? • Canada (Eastern Canada, in particular) • Mississippi River Valley • Parts of the Gulf Coast • Parts of the West Indies 4. In 1702, the French LeMoyne brothers founded what city on the Gulf Coast? • Mobile (Fort Louis de la Mobile) at 27 Mile Bluff on the Mobile River. • Mobile was moved to its current location by the French in 1711.
5. The LeMoyne brothers (Bienville and D’Iberville) also established what city at the mouth of the Mississippi River? • New Orleans (Nawlins) 6. What was mercantilism? • An idea about commerce in which a nation establishes overseas colonies to provide raw materials for the Mother Country • The mother country, in turn, would manufacture finished goods and sell them to the colonies and other countries • Under mercantilism, the mother country sought to accumulate as much gold as possible • Precious metals were seen as the source of wealth.
7. Which countries practiced mercantilism to some degree? • France, England, Spain 8. What is a Balance of Trade? • The difference between what a country exports and what a country imports • Mercantilists wanted their country’s exports to exceed imports • If exports were greater than imports, then that country’s gold inventory would increase.