Mercantilism in the Age of Exploration
Learn about the economic policies of mercantilism during the Age of Exploration, where countries sought wealth through trade and colonization. Discover how wealth, competition, and power were interconnected in this historical context.
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Presentation Transcript
Jump Start-Annotate Notes Get a print out of the Age of Exploration PowerPoint from the desk at the front If you already have one get it out Get out your highlighter or one from the bucket When the bell rings, I will instruct you as to what to highlight for this set of notes When we are finished, they will go in the brads of your class folder.
Mercantilism Game Objective: You have 12 minutes to conquer as much land, people, and gold as possible. Your expedition will face a series of obstacles. Once your team has completed an obstacle, bring it to me to check. If you are correct, your team will place a flag on the land that your team chooses to conquer and claim. Each piece of available land holds a different amount of gold and silver. The team with the most gold at the end wins!
Jump Start-Make sure you have the following questions from Friday answered completely 1. What do the countries represent? 2. What real obstacles did those groups face? 3. Why place flags upon the map? 4. Why only 12 minutes? 5. What does the gold represent? 6. Why were you not all from the same country? 7. Why was it a competition? Why couldn t multiple teams colonize the same area of land?
Mercantilism Main Idea Countries tried to gain wealth by controlling trade and establishing colonies. New Economic Policy Intense Competition Wealth measured by amount of gold & silver a nation had Nation s strength depended on its wealth For one nation to become more powerful, it had to take wealth away from another nation Wealthy nations had more powerful militaries and expanded influence
Mercantilists built wealth two ways: Get gold and silver from mines Sell more goods than you buy (export more than you import) PROFIT$$$ PROFIT$$$ PROFIT$$$ Imports = BAD Exports = GOOD Manufactured goods were more expensive than raw materials Countries encouraged the export of those manufactured goods to their colonies They wanted to reduce the amount of imports by placing tariffs on goods Tariff = tax on imports Importer paid tariff, added cost to price of good Imported goods became more expensive = people stopped importing Provided a market for their goods
Building colonies was essential to mercantilism !!!!!!!!!!!!!! Colonies Strict Laws in Colonies Europe could control sources of raw materials Colonists could not sell raw materials to other countries Provided new markets for manufactured goods Colonies existed only to benefit the mother country Could not buy manufactured goods from other nations Forced to buy only from mother country
Quick Write- 3 minutes Describe, in detail, the best meal you ve ever eaten. Maybe it s your favorite. Is it homemade or from a restaurant?
Jump Start- 10 minutes 1. Get a Columbian Exchange reading from the front desk 2. Glue it into your journal 3. Read and answer the following: A. What three main things were exchanged between the Old World and New World? B. What might be 1-2 benefits to this exchange? C. What might be 1-2 negatives of this exchange? D. Why were so many natives eradicated (killed off) as an effect of this exchange?
Project Work Day!!!!!!!!!!!!!! Menu Checklist: Does our menu have the 1. Correct number of categories? 2. Correct number of items? 3. Complete sentence descriptions? 4. Picture for each item in color? 5. Is our menu neat and organized? 6. Are all of our foods from our side of the world? PreAP- Due Thursday *extended OL- Due Friday *extended
Columbian Exchange Main Idea The voyages of Columbus led to a great transfer of people, plants, animals, and diseases back and forth across the Atlantic Ocean.
The Columbian Exchange The Exchange of Goods Sharing Discoveries Arrival of Europeans in Americas changed all this Plants, animals developed in very different ways in hemispheres Previously unknown foods taken back to Europe Europeans no potatoes, corn, sweet potatoes, turkeys Familiar foods brought to Americas by colonists People in Americas no coffee, oranges, rice, wheat, sheep, cattle Introduction of work animals to the Americas provided people with a new source of labor and transportation.
Effects of the Columbian Exchange Different Foods Exchange of foods and animals had dramatic impact on later societies Over time crops native to Americas became staples in diets of Europeans Foods provided substantial nutrition and helped people live longer Traditional cuisines changed because of Columbian Exchange Economics Activities like Texas cattle ranching and Brazilian coffee growing not possible without Columbian Exchange Italian Food Without Tomatoes? Until contact with Americas, Europeans had never tried tomatoes Most Europeans thought tomatoes were poisonous By late 1600s, tomatoes had begun to be included in Italian cookbooks
Effects of the Columbian Exchange The Introduction of New Diseases Native Americans had no natural resistance to European diseases Smallpox, measles, influenza, malaria killed millions Population of central Mexico may have decreased by more than 30% in the 10 yrs following European contact Devastating Impact Native American population continued to decline for centuries due to these epidemics (outbreak of disease) Inca Empire decreased from 13 million in 1492 to 2 million in 1600