new year 1 3 2011
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Objective: TWW investigate the Commercial Revolution, mercantilism, and capitalism in order to evaluate their effect on the wealth of the Americans and Europe. New Year 1/3/2011.

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new year 1 3 2011
Objective: TWW investigate the Commercial Revolution, mercantilism, and capitalism in order to evaluate their effect on the wealth of the Americans and Europe. New Year1/3/2011
slide2
Drill: What occurred first ???Rewrite these in the correct orderPortuguese Begins the Exploration ageScientific RevolutionCortez conquers the AztecsColumbian exchange 1. What caused the sharp decline in the Native American population between 1500 and 1550?2. What two areas were involved in the Columbian Exchange?
slide3
Record your responses in the notes section of your drills:Examine your bookbags, watches, shoes, clothing, and other belongings in order to determine their country of origin. Record your answers.
the commercial revolution
In this lesson, students will be able to define the following terms:

The Commercial Revolution

Mercantilism

Colonies

Mother Country

Capitalism

The Commercial Revolution

slide6
The Commercial Revolution marked

an important step in Europe from

local economies to a global economy.

mercantilism
Mercantilism was the belief that a nation’s power depended on the ownership of gold and silver.

In order to acquire gold and silver, European countries established overseas colonies.

Colonies provided gold and silver.

Mercantilism
slide8
Mercantilists believed that a country’s

wealth was based on the amount of

gold and silver it acquired.

mother countries and colonies
Mother countries were conquerors.

The conquered land was a colony.

In addition to mining for gold and silver, Mother countries imported natural resources or raw materials and exported finished goods.

Mother Countries and Colonies
slide10
Mother countries imported cheap

raw materials like cotton and

exported more expensive finished

goods like shirts.

capitalism
Merchants and bankers laid the foundations for capitalism.

In a capitalist system, business owners risk their capital (money) to start new businesses hoping to make profits.

Individuals formed joint-stock companies.

Capitalism
joint stock companies
A Joint stock company is a privately owned company that sells stock or partial ownership in the company to investors.

Investors risk their capital or money when they purchase stock.

If the company is successful, the investor receives his share of the profits.

Joint Stock Companies
slide14
Joint stock companies were sometimes

given charters to establish settlements

in the “New World”.

slide15
“Triangular” trade made some

continents wealthy while it impoverished

other continents. (Include this in Impact)

slide16
European

kings

increased

their

wealth and

power

through

conquest

and

colonization.

slide17
While European Kings and capitalists

increased their wealth, Native Americans and Africans were terribly exploited.

questions for reflection
How did European nations increase their wealth and power?

Why did individuals invest in Joint stock companies?

What was “Triangular” trade?

What was the relationship between a mother country and a colony?

Questions for Reflection:
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