Europeans expansion and business
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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. 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

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Europeans expansion and business

Europeans Expansion and Business

Standard 7-1.3: Summarize the policy of Mercantilism

&

Standard 7.1.4: Analyze the beginning of Capitalism


Vocabulary

Vocabulary

1. Export/Import

2. Mercantilism

3. Capitalism

4. Market

5. Market Economy

6. Balance of Trade

7. Tariffs

8. Middle Class

9. Entrepreneur

10. Capital


1 economic changes in europe resulted from

1. Economic Changes in Europe Resulted from:

Growth of International Trade

Discovery and colonization of New World

Growing Merchant Class (to sell goods)

Complex Economy


Why did britain want colonies

Why did Britain want colonies?

  • Colonies = Land, Power, Raw Materials ($$)

  • Colonies = Market for finished goods ($$)

  • Colonists could be taxed ($$)

    =


2 mercantilism

2. Mercantilism

European countries believed the more bullion (gold and silver) the more powerful you were.

Government sought to control and regulate trade- balance of trade.


3 making by mercantilism step by step

3. Making $ by Mercantilism [step-by-step]

than imports

more exports

  • export more than you import

  • build colonies

    • raw materials and products to export

    • use as a market for finished products.


3 steps continued

3. Steps Continued

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.


Effects of mercantilism

Effects of Mercantilism


4 capitalism

4. Capitalism

  • Shift to private ownership of property

  • make goods and buy and sell them freely

    • foundations of capitalism.

  • Driven by the desire to make a profit.


Entrepreneurs

Entrepreneurs

  • Entrepreneurs risk money in hopes of earning a profit.

  • Some projects were too large for one person so joint-stock companies were formed.


New class of people middle class

New Class of People- Middle Class

  • Merchants and businessmen

  • Take risks to make a profit off of international trade

  • Contributed to a growing market economy


What is a market economy

What is a market economy?

  • Economic system based on the exchange of goods and services for the purpose of making capital(money $$)

  • The market place

    • Supply and Demand

      • Supply Demand

  • Laissez-faire (Let Alone)

    • No government interference


5 what creates capitalism

5. What creates Capitalism?

Mercantilism

International Trade

Rise of the middle class

Developing market economy


6 the columbian exchange

6. The Columbian Exchange

The movement of goods, ideas, people, and disease across the Atlantic is called the Columbian Exchange.


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