Economics and Colonization European Exploration and Colonization of

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Economics and Colonization

Economics and Colonization

European Exploration and Colonization of North America

European Exploration and Colonization of North America

What are the purposes of colonization?

What are the purposes of colonization?

Purposes of Colonization God? Gold silver Glory? Territory Slaves

Purposes of Colonization God? Gold silver Glory? Territory Slaves

Consequences of Colonization Decimation of Native Population Aztec Empire population declined from 25 million

Consequences of Colonization Decimation of Native Population Aztec Empire population declined from 25 million to 2 million in 30 years Measles Influenza Smallpox

Codex Florentinus (ca 1545 -1580)

Codex Florentinus (ca 1545 -1580)

Consequences of Colonization Widespread belief of European superiority in Europe Wanton destruction of native

Consequences of Colonization Widespread belief of European superiority in Europe Wanton destruction of native cultures Continued need for a source of cheap labour to work mines and sugar plantations African Atlantic Slave Trade

Diagram of a typical Slaver travelling the Middle Passage

Diagram of a typical Slaver travelling the Middle Passage

The Expanding Slave Trade

The Expanding Slave Trade

Consequences of Colonization Sharing of Cultures and Knowledge African slaves work in New World

Consequences of Colonization Sharing of Cultures and Knowledge African slaves work in New World mines African and Native American slaves work in European men and women find homes in the New World

Consequences of Colonization New World products available in Europe SUGAR Rum Cocoa beans Vanilla

Consequences of Colonization New World products available in Europe SUGAR Rum Cocoa beans Vanilla Tomatoes Potatoes

Consequences of Colonization Emergence of a Global Marketplace Triangular trade The Atlantic triangle Firearms

Consequences of Colonization Emergence of a Global Marketplace Triangular trade The Atlantic triangle Firearms and other goods to African coasts, slaves to New World, sugar, tobacco, cotton, rum to Europe The Asian triangle South American silver to Europe and then to Asia for spices, silk, coffee, jewels, jade, porcelain, dyes, fabrics and later tea

Triangular Trade

Triangular Trade

Global Trade Networks

Global Trade Networks

Mercantilism New system of understanding a nation’s wealth Wealth of a nation is determined

Mercantilism New system of understanding a nation’s wealth Wealth of a nation is determined by the amount of precious metals it holds Trading with bullion meant a loss of wealth Goal= maintain a surplus of bullion Problem for trade with East

Importance of Colonies for Mercantilism Exclusive trade partners Natural resources provided to core Timber

Importance of Colonies for Mercantilism Exclusive trade partners Natural resources provided to core Timber Furs Cotton PRECIOUS METALS Core trades as much as possible in finished goods

Results of Mercantilism Since mercantilist theory argued that there was a finite limit to

Results of Mercantilism Since mercantilist theory argued that there was a finite limit to the world’s volume of possible trade: Scramble for colonies beginning in the 17 th century Commercial warfare in the 18 th century

Mercantile Wars England vs Netherlands (1652 -1672) Netherlands loses New Amersterdam England vs France

Mercantile Wars England vs Netherlands (1652 -1672) Netherlands loses New Amersterdam England vs France (1700 -1763) Seven Years’ War (1765 -1763) North America, West Indies and India Britain as the global superpower

Seven Years’ War

Seven Years’ War