PPT-Mercantilism

Policy to export more than you import Monarch A King or a queen Colony A group of people who settle in a new land but keep ties to their homeland Indentured Servant Person who agreed to work for someone else for 47 years in exchange for passage to the New World. 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. U.S. History in a Global context. Part . I. TAHP Vanguard, September 13, 2014. Context. Images of Global Trade. What examples of international trade can you find?. Global Consumer Demand Shapes North America. 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.. Royal Government of New France. New France. New France was established in 1604 and became a royal province in the new world in 1663.. Louis XIV established New France after declaring war on the Iroquois.. 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:. 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.. 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). 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. . Objectives: . Define and discuss the effects of: Mercantilism, the Crusades and the Black Plague. . Create a sequence of events of the following: The Crusades, Mercantilism and The Plaque. . Create a diagram/mental map to explain the cause and effect relationship between The Crusades, Mercantilism and The Plague. . 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:. When King George III took over the throne, the British adopted a program called mercantilism-Great Britain needed the colonies . to profit more from selling goods to other countries rather than buying. 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.