Download The Revival in Colonial Latin America

The Global Economy/The Rise
of the Atlantic Economy
By 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 1763
o Silver mining in Mexico
o Trade grew
• Mestizos
• Creole landowners used debt peonage
Trade and Empire in Asia
•
•
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•
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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/wpcontent/uploads/2010/02/americancolonies.gifbios/Smith.html
http://tclaudeapwhp2.wikispaces.com/Africa+and+the+Africans+in+the+Age+of+the+Atlantic+Slave+Trade