Embed Size (px)
Citation preview
The Commercial RevolutionThe Commercial Revolution
The European WorldThe European World
Asian Trade RoutesAsian Trade Routes
Asian trade routes had dominated global trade prior to 1500s, with West Asia acting as a “middle man” between east and west
Early Explorations in the EastEarly Explorations in the East
Europeans were motivated to head east in order to bypass West Asia
European Exploration of the AtlanticEuropean Exploration of the Atlantic
What is the Columbian Exchange?What is the Columbian Exchange?
the global transfer of foods, plants, and animals during the colonization of the Americas
the global transfer of foods, plants, and animals during the colonization of the Americas
A Global ExchangeA Global Exchange
transformed the world transformed the world
A Global ExchangeA Global Exchange
transformed the world global transfer of:
plants animals disease and especially food
transformed the world global transfer of:
plants animals disease and especially food
A Global ExchangeA Global Exchange
transformed the world global transfer of:
plants animals disease and especially food
brought together the Eastern and Western hemispheres
transformed the world global transfer of:
plants animals disease and especially food
brought together the Eastern and Western hemispheres
A Global ExchangeA Global Exchange
transformed the world global transfer of:
plants animals disease and especially food
brought together the Eastern and Western hemispheres
touched nearly all the peoples of the world
transformed the world global transfer of:
plants animals disease and especially food
brought together the Eastern and Western hemispheres
touched nearly all the peoples of the world
America to Europe/Europe to AmericaAmerica to Europe/Europe to America
What is Capitalism?What is Capitalism?
capitalism is an economic system based on private ownership and the investment of wealth for profit
capitalism is an economic system based on private ownership and the investment of wealth for profit
The Rise of CapitalismThe Rise of Capitalism
overseas colonization and trade = merchant wealth
merchants continued to invest their money in trade and overseas exploration
profits from these investments enabled merchants and traders to reinvest even more money in other enterprises
businesses across Europe grew and flourished
The Joint-Stock CompanyThe Joint-Stock Company
worked much like the modern-day corporation
involved a number of people pooling their wealth for a common purpose
worked much like the modern-day corporation
involved a number of people pooling their wealth for a common purpose
Risks and BenefitsRisks and Benefits
Risks: many ships never
completed the long and dangerous ocean voyage
colony could fail
Risks: many ships never
completed the long and dangerous ocean voyage
colony could fail
Risks and BenefitsRisks and Benefits
Risks: many ships never
completed the long and dangerous ocean voyage
colony could fail
Risks: many ships never
completed the long and dangerous ocean voyage
colony could fail
Benefits: individual members paid
only a fraction of the total colonization cost
if the colony failed, investors lost only their small share
if the colony thrived, the investors shared in the profits
Benefits: individual members paid
only a fraction of the total colonization cost
if the colony failed, investors lost only their small share
if the colony thrived, the investors shared in the profits
