European Competition and Colonial Motives in Mercantilism
Explore the economic theory of mercantilism, emphasizing favorable trade balances, colonization motives, and colonial activities of European powers like Spain, France, Dutch, and England during the Age of Exploration.
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Presentation Transcript
European Competition A. Mercantilism 1. Dominant economic theory 2. Country s strength = amount of gold & silver
B. Favorable trade balance 1. Export more than you import 2. Sell more than you buy
C. Create a surplus of trade goods D. Colonization 1.Colonies provide raw materials
2. Market place for the Mother Country E. Complete economic circle
Motives for Spanish Colonization A. Secure claims to new territories B. Secure gold & silver Agricultural products- & Sugar Indigo
D. Convert Indians to Christianity E. Raw materials
French Colonization A. Fish for Cod B. Fur trade C. Convert Indians to Christianity D. Raw material
Dutch Colonization A. Fur trade B. Establish ports for trade (New Amsterdam) C. Raw Materials
English Colonization A. Competition with Spain B. Spread Anglican Church (Church of England) C. Raw materials D. Gold & Silver
