PPT-Mercantilism:

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. IMPERIAL RULE IN THE ORIENT . FOR NARRATIVES OF ECONOMIC DEVELOPMENT AND DIVERGENCE FROM THE CONQUEST OF CEUTA TO THE OPIUM WAR (1415-1839). Patrick . Karl O’Brien (LSE and Oxford. ). . (. P.O’brien@lse.ac.uk. Essential Questions. How did the modern system of slavery develop?. What was the history of the slave trade and the Middle Passage?. How did Africans manage to create communities among the brutal slave system?. Peter Zenger’s Trial. The English Parliamentary Tradition. In England 1215, English nobles forced King John to sign the Magna . Carta. The Magna . Carta. was significant because it was the first document to put restrictions on an English ruler’s power. For a wrong answer you get insulted. For a right answer you get applause. This game is meant to be entertaining and not to be taken seriously. Any student may choose not to take part , but must pay attention and take notes.. During the Age of Exploration, newly powerful kingdoms such as Spain, England, and France thought that there was only so much wealth and power in the world.. What is Mercantilism?. These kingdoms wanted to get as big a piece of the pie as possible.. By: Mr. Moore using contributions by Susan Pojer . High School of Economics & Finance NYC, NY. Why Did Europe Follow The Psychology of Limited Wealth?. Changes in population. Practices in agriculture and industry. The Road to fortune, and easy living. Table of Contents. While going through this power point you will be able to use certain buttons and shortcuts to go between slides. . . . This is the AUDIO button. This will play an audio clip. The Theory. Balance of Trade. Shipping. Colonies exist to supply raw materials. Acquisition of Colonies. New market. Exploitation of Resources. Adam Smith’s . The Wealth of Nations. Government Industry = Partnership. 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. So 2.4, 2.5. Chapter 4. To what extent have various ideas and events shaped Liberalism over time?. Like ideologies, liberalism has changed in response to historical conditions, yet some key values have remained:. Questions…. Why do countries trade?. What do they gain? . Is international trade a win-lose competition or a win-win situation? Why?. If a competition, who wins? How?. What is a “balance of trade”? . Europe’s Economy. Nation. = basic economic unit. Nations competed for markets and trade goods. New business methods needed:. Investing money. Speeding flow of wealth. Reducing business risk. New Business Methods. 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. th. centuries, England and many other European countries believed that power depended upon monetary wealth.. Principles of Mercantilism. the belief that the amount of wealth in the world was relatively static.