4.5 H. GOV
Explain how rulers employed economic strategies to consolidate and maintain power throughout the period from 1450 to 1750.
Historical Development
Mercantilist policies and practices were used by European rulers to expand and control their economies and claim overseas territories. Joint-stock companies, influenced by these mercantilist principles, were used by rulers and merchants to finance exploration and were used by rulers to compete against one another in global trade. Economic disputes led to rivalries and conflict between states. Some competition over trade routes include; the Muslim–European rivalry in the Indian Ocean and the Moroccan conflict with the Songhai Empire
Key Words:
Mercantilism
Mother Country
Trade imbalance
Imports v. exports
Adam Smith
Atlantic Ocean Triangle Trade
4.5 L. GOV SKILL: Identify Historical Argument [Mercantilism + Adam Smith].mp4Skills:
Identifying a historical Argument
European states Adopted Mercantilist Economic Systems
Europeans built these strategies around growing power over trade routes & economic systems. Mercantilism was the primary economic system of European powers between the 15th and 18th centuries.
Joint-Stock Trading Companies Fund Overseas Trade & Conquest
Funding for early European exploration, conquest, & trade originally came from monarchs. Later it became necessary for European states to raise more money to fund maritime voyages. Joint-stock companies became the primary & most successful way to fund European commercial activity.
Joint-Stock Companies are the World’s First Modern Corporations
