Europeans Expansion and Business. Standard 7-1.3: Summarize the policy of Mercantilism & Standard 7.1.4: Analyze the beginning of Capitalism. Vocabulary. 1. Export/Import 2. Mercantilism 3. Capitalism 4. Market 5. Market Economy 6. Balance of Trade 7. Tariffs 8. Middle Class
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Europeans Expansion and Business
Standard 7-1.3: Summarize the policy of Mercantilism
Standard 7.1.4: Analyze the beginning of Capitalism
5. Market Economy
6. Balance of Trade
8. Middle Class
Growth of International Trade
Discovery and colonization of New World
Growing Merchant Class (to sell goods)
European countries believed the more bullion (gold and silver) the more powerful you were.
Government sought to control and regulate trade- balance of trade.
keep foreign goods out of your country with high tariffs, or taxes.
increase imports by preventing colonies from trading with other nations- colonies can only trade with the mother country.
Rise of the middle class
Developing market economy
The movement of goods, ideas, people, and disease across the Atlantic is called the Columbian Exchange.