1 / 14

COMMERCE IN THE NEW WORLD

COMMERCE IN THE NEW WORLD. Unit 2 – Fall 2013. What is Commerce? What kinds of things can be considered goods?. Silver and Gold. Silver “went round the world and made the world go round. Discovered silver in Bolivia in the mid-sixteenth-century

nikkos
Download Presentation

COMMERCE IN THE NEW WORLD

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. COMMERCE IN THE NEW WORLD Unit 2 – Fall 2013

  2. What is Commerce? What kinds of things can be considered goods?

  3. Silver and Gold • Silver “went round the world and made the world go round. • Discovered silver in Bolivia in the mid-sixteenth-century • Spanish America produced 85% of the world’s silver in the early modern era • FIRST LINK BETWEEN THE AMERICAS AND ASIA • Spanish silver • Mines in Bolivia • Transported to Acapulco, Mexico • Shipped to the Philippines

  4. Silver • Why is the silver such a big deal? • In the 1570’s Chinese authorities required their population to pay taxes in silver • New DEMAND for the metal • Allow Spanish to buy more silks and porcelains • Silver starts moving around the world • Ends in China

  5. Effects • Transforms the world • Enriches the Spanish government • BIG EMPIRE • Militarily and Politically STRONG • World’s largest silver mine in Bolivia, the city of Potosí • Becomes largest city in the Americas • European elite lived in luxury • Any goods that they wanted

  6. FURS • Major item of global commerce • Why would furs be of value? • Warmth • Status

  7. Furs • Beavers, Rabbits, Sables, Martens, deer • European population growth and agricultural expansion affected animal population • Diminished • Little Ice Age – Early Modern Era • Demand high! • Prices high! • Economic incentives!

  8. Furs • French • Americas – St. Lawrence Valley, Great Lakes, Mississippi River • British • Hudson Bay Region • Dutch • Hudson River – New York • Usually waited for Native Americans to bring them the furs

  9. Furs • Enormous quantities of furs and deerskins in Europe • Improved standard of living! • Effects in the Americas • Near extinction of beavers and other fur animals

  10. Furs - Russia • Growing Fur markets in Europe and China • Russia location – ideal! • Lots of fur bearing animals in Siberia

  11. Mercantilism • Theory based on the idea that you make a lot of money through the balance of trade. • Want lots of EXPORTS (more than you are importing) • Colonies exist to benefit the Mother Country

  12. What else was traded over the Atlantic Ocean?

More Related