1 / 8

Chapter 1 Section 2

Chapter 1 Section 2. The Rise of Modern Capitalism. What does the word economy mean?. A country’s economy involves: The workers The businesses The type of money used The resources of an area What items are traded. What is Capitalism ?.

vern
Download Presentation

Chapter 1 Section 2

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Chapter 1 Section 2 The Rise of Modern Capitalism

  2. What does the word economy mean? A country’s economy involves: • The workers • The businesses • The type of money used • The resources of an area • What items are traded

  3. What is Capitalism? • Capitalism is an economic system in which money is invested in business.

  4. What do Banks do? • Loan money to people or businesses • Some of the first bankers were wealthy families from Italy, such as the Medici

  5. What are Joint-Stock Companies? • Organizations that sold stock, or shares, in a business or money making opportunity

  6. Mercantilism • A nation becomes more wealthy by building up its supply of bullion or gold and silver.

  7. The Columbian Exchange

  8. Questions • Why would explorers need banks and Joint-stock companies? • Why would countries in Europe want to set up colonies • What could European countries gain from the Americas, Asia, & Africa?

More Related