The Global Economy/The Rise of the Atlantic

EconomyBy Matt, Rachel, Audrey, Al-e

Focus Question

  How did the Atlantic trade and the introduction of a

Global Economy, controlled mostly by the British, change the lives and values of the people and

eventually bring about an economic breakthrough?  

How did the expansion of european trade effect and create new economic patterns?

Mercantalism and Colonial Wars   • Mercantilism is an

economic system • The Navigation Acts • Colonial Success

Effecting Europe• France's Quest for Power• The Treaty of Paris

Land and Labor in British America

-Settlers took up farming on free land     -dropped European povery levels    -population rose -Because of all the free land, labor expenses started to rise - This is when slavery was introduced into the Americas -American shipping industry grew

the Atlantic Slave Trade

Atlantic Slave trade cont'd

a very important elemant in European expansion forced the migration of millions of Africans Slave trade in Britain was finally abolished in 1808

 

The Revival in Colonial Latin America• Political revival and economic growth

o Spain acquired Louisiana in 1763o Silver mining in Mexicoo Trade grew 

•  Mestizos •  Creole landowners used debt peonage 

Trade and Empire in Asia

• Portugese dominated the Indian Ocean• Dutch East India Company • English East India Company • British defeated the Mughal Emperor • British gained control of India

Adam Smith (1723-1790) and      Economic Liberalism

• Social philosopher, pioneer-- political economy

• The Wealth of Nations• (The Invisible Hand)• philosopher-emphasized ethics

and charity.• his P.O.V. called economic

liberalism 

How did the expansion of European trade effect and

create new economic patterns?

Sources

http://www.econlib.org/library/Enc/ http://www.stephenhicks.org/wp-content/uploads/2010/02/american-colonies.gifbios/Smith.html  http://tclaudeapwhp2.wikispaces.com/Africa+and+the+Africans+in+the+Age+of+the+Atlantic+Slave+Trade