1 / 10

Age of Exploration : Focus- Commercial Innovations

Explore the commercial innovations and discoveries during the Age of Exploration, including Christopher Columbus' voyages, the Treaty of Tordesillas, the Transatlantic slave trade, and the Colombian Exchange. Learn how new economic institutions and innovations emerged, leading to the rise of free enterprise and capitalism.

raquelf
Download Presentation

Age of Exploration : Focus- Commercial Innovations

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. Age of Exploration:Focus- Commercial Innovations

  2. Discovery • 1492 Christopher Columbus discovers the new land. His first trip is to Hispaniola and Cuba • Amerigo Vespucci was an Italian mapmaker who claimed Columbus had discovered a “New World” & America was named in his honor

  3. Spain and Portugal • Two biggest exploring nations • Began fighting over land in New World • Asked Pope to solve dispute • The Pope divided the New World in half with a line Pope Alexander VI

  4. Pope’s Solution: Draw a Line • West of line is Spain’s/East of line is Portugal’s

  5. The Treaty of Tordesillas (1494) • Became obvious Spain got much more land • Moved the line west a little.

  6. Slavery in the New World • Triangular trade • Set of trades between three points • The most famous was sugar/rum/slaves • Begins the transatlantic slave trade: • African chiefs sell members of other tribes for guns & alcohol • 10 –24 million Africans were brought to America • 1 in 5 did not survive the journey (Called the “Middle Passage” because it was the middle leg of the triangle)

  7. Colombian Exchange • many products were carried to and from the New World like: • to the New World: horses, cows, wheat, rice, & oranges • from the New World: corn, potatoes, tobacco, cacao (chocolate) • Europeans carried unknown diseases to the native Americans which killed millions (including Small Pox)

  8. ESSENTIAL QUESTION • What new economic institutions and innovations developed as a result of the expanding trade networks? • ANSWER: New economic systems emerge to control and expand trade

  9. Changing Ways of Life Commercial Revolution • new business methods for investing money, speeding the flow of wealth, & reducing risks: result of Age of Exploration • rise of free enterprise (modern capitalism), economic system in which money is invested by individuals in business to make profits

  10. More Commercial Revolution • people who wanted to invest in exploration combined resources in joint-stock companies, or organizations that sold stock & shared in profits & losses • rise of entrepreneurs, or individuals who combined money, ideas, raw materials, & labor to make goods & services • Note that Capitalism goes against some of the ideas of Mercantilism

More Related