The document discusses how the Spanish discovery of silver in the Americas impacted the world. Silver became the first truly global commodity due to the vast quantities mined in Potosi, Bolivia. This flooded international markets and established Spain's economic dominance for over a century due to the revenue generated from American silver mines. However, overdependence on silver eventually led to inflation and economic decline in Spain.
Resumen del siglo XVIII español para la asignatura de Ciencias sociales (4º de ESO). Las diapositivas están en inglés por ser material destinado a la sección bilingüe del I.E.S. Fray Pedro de Urbina
Resumen del siglo XVIII español para la asignatura de Ciencias sociales (4º de ESO). Las diapositivas están en inglés por ser material destinado a la sección bilingüe del I.E.S. Fray Pedro de Urbina
THIS IS A PRESENTATION ON AGE OF REVOLUTION(nationalism in europe)...
BY-SAI SRIRAM,POOJITHA,ASHRITHA AND SAHANA.-- Created using PowToon -- Free sign up at http://www.powtoon.com/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
Spain and silver
1. “ Global trade emerged when all important populated continents began to exchange products continuously. It is true that there was an important intercontinental trade before 1571, but there was no direct link between America and Asia, so the world market was not fully coherent or complete. The singular product most responsible for the birth of world trade was… Silver.” - Dennis O. Flynn, Born with a Silver Spoon Do Now: How do you think Silver became the first global product? Objective: How did the Spanish discovery of Silver in Americas impact the world?
2. Aztec and Inca location in Mesoamerica How were the Spanish able to defeat and conquer the Aztec and Inca Empires?
3.
4. ART INTERPRETATION Compare and contrast these two depictions of the conquest of the Aztecs. Which one most represents the actual event and why?
5. A. Spanish Conquistadors took over existing tributary networks B. Like Indian Ocean, Spanish began to tap into vast commercial systems and exploit the existing indigenous empires C. Unlike Indian Ocean, the New World was not restricted to commercial outposts. It involved the control of large amounts of territory . Spain’s Tributary Empire
6.
7. According to this painting, what were the conditions of the encomienda system?
8. A. Bartolomé de las Casas, the famous Defender of the Indians, convinced that the fast disappearing Arawak Indians could not physically tolerate the hard labor expected by the Spanish B. He recommended the importation of African slaves to do the hard labor. De las Casas believed that the Africans were physically more fit for hard labor than were the Amerindians. Bartolome de las Casas
9. What were the major products exported from the Americas by the Spanish? How is this an example of mercantilism?
10. A. Discovery of Silver in the Americas made Spain powerful B. Mita system developed – forced labor in gold, silver, mercury mines. C. Spain used silver to pay long term debts D. Purchased manufactured goods and items from China and Far East The Silver Trade Silver mine in Potosi
11. E. Spent money funding military, navy, and European wars. Mighty Spanish Armada was able to rule the seas and dominate trade. The funding of Silver from the Americas enabled the creation of the Spanish Armada, who dominated until 1588 when they lost to the British.
12. A. Potosi, major mining city. B. In Potosí, Spanish administrators initially recruited laborers by adapting the Inca system of draft labor to their own needs. C. Mine owners were often frustrated when their quota of workers died of disease and overwork, or when Indians rebelled at Spanish exploitation. Mining in Potosi
13. Silver Trade Impacts the World Where does most of the Silver seem to come from, and where does it end up?
14. Silver Trade Impacts the World “ The poverty of Spain resulted from the discovery of the Indies.” 1. Why did some people believe that the New World was the cause for Spanish poverty? DO NOW: Silver Production : Spanish America : 325 tons a year (Official) 325-450 tons a year (Illegal) Japanese: 200 tons a year 2. With such large production numbers, what effect will this have on the value of silver around the world?
15.
16. Impact of Silver on Spain “ The Spanish government used its ‘Super Profits’ - derived from control of silver production - to launch a deadly, multifront war against the emerging capitalistic states to the north (England and the Netherlands). The northern powers nearly went bankrupt defending themselves against Iberia’s religion-inspired military fanaticism.” - Dennis O. Flynn How could the actions of the Spanish eventually lead to its decline? 1. Too much Silver production led to inflation and loss of value. 2. Bankers lent money to Spanish crown due to silver fleets despite falling credit and value. 3. Spent money fighting wars with Northern capitalistic competitors.
17. Spanish Decline: 4. Bought most manufactured goods. Never developed manufacturing of their own. 5. Unfavorable balance of trade with China. Silver not a renewable product like silk, spices, or porcelain. 6. Defeat of Spanish Armada in 1588 marks the end of Spanish dominance. Sir Francis Drake being knighted by Queen Elizabeth
19. Mercantilism vs Capitalism Mercantilism - Government stresses the creation of a favorable balance of trade for their nation. A) Promote internal economy 1. Limit imports - keep profits from enemy or rival states 2. Set Tariffs on imported goods 3. Encouraged and funded merchant fleets and trading companies Colony Mother Country Resources Manufactured goods Profits
20. Mercantilism vs Capitalism B) Need for Colonies 1. Provided raw materials and labor source 2. Encouraged industry at home - manufactured goods 3. Colonies used as a guaranteed new market
21. Mercantilism vs Capitalism Capitalism - Laissez-Faire system that stressed free trade and competition A) Created by Adam Smith (Wealth of Nations, 1776) B) Promotes competition 1. Laissez-Faire - no government involvement 2. Nation’s economy worked through natural law of supply and demand 3. Called for free trade / no tariffs C) Promotes investors and Entrepreneurs 1. Self-interest will lead to general economic advancement 2. Increased opportunity for merchants