1. COLEGIO BILINGUE RICHMOND
SOCIAL STUDIES
MR. DIEGO VILLAMIZAR
CARLOS ARTURO ORJUELA TORRES
PAULA CAMILA NIETO QUINTERO
DAVID FERNANDO AREVALO PRATO
7C
MARCH 18 - 2010

2. CAPITALISM
Is an economic system in which the privade persons and the business
companies conduct the production and the exchange of products and services
by complex transactions in which the involved maked prices.
MERCANTILISM:
Economic politic characteristic of europe by XVI Century and XVIII directed to
the adquisition and acumulation of gold and silver fundamental consider for the
afianzment and economic development.
IS CAPITALISM THE NEW MERCANTISM?
Because capitalism is like a system in which the economy and the production of
some things is counted or produced, and mercantilism is like a union of the
different economic ideas that a country can have about the prosperity of
commerce. So I think that they could be the same because they are of
production and exportation or importation but they are about expanding a kind
of product with a capital or money. When a country traded a long ago end get
their money for some things only that country had the interest in that product
would be bigger than others but if you think now a company can do the same
but for example with hamburgers it would be the same and now that they can
expand all over the world. Such as MC’DONALDS they can go to other
countries to sell and make some more things and the prices can go up just
because is strange or interesting. So I think that capitalism is the new
mercantilism but in our times.
What are the implications of Mercantillism theory in the European
Expansion?
Before the expansion of Europe, the Europeans were exchanging products with
China and with India. The new routes towards the Far East promoted the
exchange of spices, it sedates and other exotic fabrics. The taste for the spices
propagated with a lot of rapidity. The pepper, the nail and the cinnamon were
not taking place in Europe and were necessary to preserve and to season the
meats; the artificial refrigeration did not exist. The climate and Europa's geology
were not allowing the production of spices; these products were given easily in
tropical climates,the expansion began to turn into need.

3. When the Portuguese discovered the islands of the west of Africa, they
established a commercial relation based on the exchange of ivory and gold.
This relation the African continent met beginning to the slaves' trade. The
Iberian businessmen, for your their part, established in the Canaries, the Azores
and the Madeiras the first plantations of sugar worked by African slaves. On the
other hand, the gold like not renewable resource already was skimping and was
necessary for the production of coins. The mercantile territory had to grow
obligatorily to give step to the import of more and more varied resources.
What was been revolution of capitalism in the 20 century?
During the 20th century the capitalism was seen in squeezes: economic crises
fallen due of the bag exchange, wars and alternative ideologies. Nevertheless,
on having finished the century, and after a process length of reflection and
adjustment, it emerges as winning triumphant ideology and few ones think that
a real alternative exists.
The capitalism entered to the 20th century as the dominant system. The
colonial empires, the expansion of the trade, the strength of The United States
were demonstrating it this way, on having spent pass the first decade, there
was exploding the First World war, which was stopping the expansion of the
trade; force was gaining earning the economic protectionism and the
communism was conquering Russia.