Ch 20-4

Group Discussions

What was mercantilism? How and why did it encourage European colonization of the Americas?

Analyzing Causes and Recognizing Effects: What effect did the establishment of colonial empires in the Americas and the dramatic increase in oversea trade and the world's wealth have on Europe?

Standards:

I-C.2 Analyze and evaluate the actions of competing European nations for colonies around the world and the impact on indigenous populations.

Objective:

Describe the Columbian Exchange, global trade, and mercantilism.

Identify factors that led to the development of global trade.

Describe the effects of new economic policies on European society.

WICOR: Writing, Inquiry, Collaboration, Organization and Reading

EQ: What was mercantilism? How and why did it encourage European colonization of the Americas?

The Colombian Exchange

Global Trade

The rise of Capitalism

Joint- Stock Companies

The Growth of Mercantilism

Balance of Trade

Economic Revolution Changes European Society

Vocabulary:

Columbian Exchange

Global transfer of foods, plants, and animals during the colonization of the Americas

Capitalism

Economic system based on private ownership and the investment of wealth for a common purpose

Joint-stock company

Company in which people pooled their wealth for a common purpose

Mercantilism

Economic policy of increasing wealth and power by obtaining large amounts of gold and silver and selling more goods than are bought

Favorable balance of trade

Condition resulting from selling more goods than are bought