PPT-Silver and Gold… Mercantilism, the Transatlantic Economy, Trade Wars, and Colonial Rebellion

Questions Why do countries trade What do they gain Is international trade a winlose competition or a winwin situation Why If a competition who wins How What is a balance of trade . Was it all bad?. (Get out your clickers! . Ch. 48). Our Goals (SWBAT):. Describe/Define basic economic concepts. Describe British Mercantilism. Analyze/Evaluate Impact of Mercantilism on British Colonies in North America. is an economic . policy. Wealth . is . power; . key to wealth is . export. . over . import. European countries competed for world power and needed colonies to provide necessary raw materials.. Colonies’ role:. Mercantilism. Economic policy that looked upon trade, colonies, and accumulation of wealth as the basis for military and political strength. Colonies only exist to enrich parent country. Navigation Acts (1650-1673). David Ricardo. “Born with a ‘Silver Spoon’: The Origin. of World Trade in 1571”. Title: “Born with a ‘Silver Spoon’: The Origin. of World Trade in 1571”. Written by Dennis O. Flynn and Arturo Giráldez. European countries competed for world power and needed colonies to provide necessary raw materials.. Colonies’ role:. provide raw materials (so mother country does not have to import from other nations) and markets for exports. ‘FREE’ TRADE AND CHINA. In the years leading up to the Opium Wars, . foreign . trade was strictly controlled by the Chinese . using . the . “. Canton System.”. T. he . British ran a . three-country trade system: . Southern Colonies. Plantations. Tobacco and Rice. Slavery. Indentured Servitude. Aristocratic. Chesapeake: Virginia. Jamestown. Virginia Co.. Gold/Conversion/NW Passage. Virginia Charter. Tragedy. John Smith. Southern Colonies. Plantations. Tobacco and Rice. Slavery. Indentured Servitude. Aristocratic. Chesapeake: Virginia. Jamestown. Virginia Co.. Gold/Conversion/NW Passage. Virginia Charter. Tragedy. John Smith. Conceptual Frameworks. Historical Background. The Slave Trade’s Diversity. A Case Study of the Slave Trade. Africa in the Era of the Transatlantic Slave Trade. Conceptual Frameworks. Historical Background. (1) Food shortages. (2) Unemployment. (3) Inflation. (4) Self-sufficiency. (3) . Inflation. The breakup of the Austro-Hungarian Empire led to the creation of several new states and the expansion of others. These new states soon established trade restrictions and began collecting tariffs when goods crossed their borders. . Do Now:. What was the Middle Passage?. The Columbian Exchange. Mercantilism . Columbian Exchange. The exchange of plants, animals, and diseases between Europe, Africa, and the Americas. . Effects of the Columbian Exchange. David Ricardo. E. Napp. Commerce joined with empire were the twin drivers of globalization during the early modern era. Created new relationships, disrupted old patterns, brought distant peoples into contact with one another, enriched some, and impoverished or enslaved others. Rui Esteves . and . Florian Ploeckl. Question. What were the links between a country’s monetary standard and its trade relationships during the First Globalization?. Did . countries trade . and . sign trade agreements with other nations because of their monetary standards? (. International Trade and Finance. 1. Copyright . ACDC Leadership . 2019. Topic 6.2- . Exchange Rates. Copyright . ACDC Leadership . 2019. Worksheet 6.2- Exchange Rates. 3. Copyright . ACDC Leadership .