1450-1750


Mercantilism
◦ An economic policy under
which nations sought to
increase their wealth and
power by obtaining large
amou...








Pool wealth for a common purpose
1500s and 1600s common purpose was
colonization
Profits and risks were high
...







Increase in economic activity leads to
increase in $ supply.
Inflation-steady rise in the price of goods
Occurs...
Oceans-

Atlantic, Indian, & Pacific
Seas- Mediterranean, Caribbean, &
Black
Empires- Label each separately…
◦ Ottoman ...
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
1450 1750 map & commerce intro 2
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1450 1750 map & commerce intro 2

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1450 1750 map & commerce intro 2

  1. 1. 1450-1750
  2. 2.  Mercantilism ◦ An economic policy under which nations sought to increase their wealth and power by obtaining large amounts of gold and silver and by selling more goods than they bought. ◦ The goal was selfsufficiency Colonization!  Capitalism ◦ An economic system based on private (not govt.) ownership and the investment of wealth for profit. ◦ Wealthy merchants reinvested their profits into new ventures ◦ A key role in the Industrial Revolution The Commercial Revolution16th and 17th Century Europe
  3. 3.      Pool wealth for a common purpose 1500s and 1600s common purpose was colonization Profits and risks were high If there was failure the risk was spread out Dutch (Indonesia) and British (India)-received charters from the govt. granting trading monopolies and the power to make war and govern conquered people
  4. 4.     Increase in economic activity leads to increase in $ supply. Inflation-steady rise in the price of goods Occurs when people have more money to spend and demand more goods and services Goods become scarce and more valuable and prices rise
  5. 5. Oceans- Atlantic, Indian, & Pacific Seas- Mediterranean, Caribbean, & Black Empires- Label each separately… ◦ Ottoman (647) & Mughal (645) ◦ Russian (682) ◦ British, French, Portuguese, Dutch (the Netherlands) & Spanish (682) ◦ Qing (Strayer p644)

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