Mercantilism Mercantilism Theory where a countries power depends

Mercantilism • Mercantilism- Theory where a countries power depends on wealth. • More money equals more power! • Balance of Trade- Exports vs. Imports Exports Imports

Joint-Stock Companies • Combined wealth to invest • Shared profits, but less risky!

Capitalism • Economic system based on private ownership and investment of resources.

European Colonies in the Americas in the 1700 s

Colonies Trade • Colonies exported raw materials, such as wood and furs • European nations were able to make goods out of raw materials • Colonies then bought finished goods from Europe

Economic Revolution! • • Spurred growth of towns Many merchants became very wealthy Most people still lived in rural areas Mainly only traders and merchants gained social mobility • Mercantilism started to create national identity • Effects of Globalization?

• There was a great havoc. Very many died of it. They could not walk. . They could not move; they could not stir; they could not change position, nor lie on one side; nor face down, nor on their backs. And if they stirred, much did they cry out. Great was its destruction. -Bernardino de Sahagún, quoted in Seeds of Change

• What does this graph show? • How can we explain this trend? • What were the repercussions (effects) of this de-population?

Most important 5? • Horses: Allowed for faster transportation, a huge advantage for the Europeans-made conquest easier • Potatoes: Became a staple (basic element) of diets worldwide and allowed for significant population increases • Corn: Same as potatoes • Disease: Scholars estimate that almost 95% of Native American populations were wiped out from European diseases • Sugar: Perhaps the most significant item of them all… Why?

The American Civil War