hw#4 mercantilism
TRANSCRIPT
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Aim: What role did
geography play in the system
of Mercantilism?
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1. Who is the
“Mother
country”?
2. What is
role of the
colonies?
Based on the political cartoon, what can you infer is
the definition of Mercantilism?
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Mercantilism: economic system based on trade where a country accumulates gold and wealth by exporting more than it imports.
• The key to Mercantilism is self-sufficiency: a country that is able to produce all it needs for its citizens and is able to gain wealth by selling goods to other nations instead of buying goods.
• The goal is to export more than import.
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What do the
colonies provide
to Great
Britain?
The role of the Colonies: provide raw materials (so that the mother country does not have to import from other nations)
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Great Britain passed laws to enforce
Mercantilism:
• Required all exports and imports to be carried on British ships.
• Colonies were discouraged from buying goods from other countries (are only allowed to buy from Britain)
Who benefits from the Navigation Acts
(the colonists or GB)?
• Leads many colonists to become good smugglers (people who move goods illegally)
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Great Britain needs raw materials from
the colonies—like wood and cotton….
• Indentured servants who work on a contract for 2-3
years are put to work cutting trees and picking
cotton, but once their contract is up in 2-3 years,
they are legally allowed to leave their ‘bosses’.
What can Great Britain do to increase profits
($$$)—have more trees cut for wood and
more cotton picked?
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Get free labor to increase
productivity and profits
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What was the Triangular Trade?A system of trade between Africa, the colonies,
and European countries.
Why did the Slave Trade Begin? Need for a cheaper work force—free in this
case.
Indentured servants were Europeans. They
got sick and were not able to work under the
hot climate and harsh conditions of
plantation (large farms).
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The Transatlantic Slave Trade
or Triangular TradeInvolved 3 steps
1.First stage: manufactured goods (cloth,
tobacco, beads, guns, alcohol) from Europe
were sent to Africa.
2.The Middle Passage: slaves were sent from
Africa to the colonies.
3.Final stage: raw materials (cotton, sugar,
tobacco leaves, molasses and rum) were sent
to Europe from the colonies.
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North America
Africa
Great Britain
#1
#2
#3
The Transatlantic Slave Trade
or Triangular Trade
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The Middle Passage
• 5 times as many Africans arrived in the Americas than Europeans. The
majority were shipped to Brazil, the Caribbean, and the Spanish colonies.
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Closure 1. What role did geography play in
the system of Mercantilism?
2. How did mercantilism lead to the
development of the Transatlantic
slave trade?