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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The Commercial Revolution
an important step in Europe from
local economies to a global economy.
In order to acquire gold and silver, European countries established overseas colonies.
Colonies provided gold and silver.Mercantilism
wealth was based on the amount of
gold and silver it acquired.
raw materials like cotton and
exported more expensive finished
goods like shirts.
In a capitalist system, business owners risk their capital (money) to start new businesses hoping to make profits.
Individuals formed joint-stock companies.Capitalism
ownership in a business.
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
given charters to establish settlements
in the “New World”.
continents wealthy while it impoverished
other continents. (Include this in Impact)
increased their wealth, Native Americans and Africans were terribly exploited.
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: