The Atlantic Community and the Slave Economy
century, Europeans active all around the world. Indian, Pacific, Atlantic busy
route. Linked continent together. More diverse, international, complex. economy
system based on water. Similar to ancient Mediterranean but largest in scale, and
require more Capital intensive, navigation skill, changes in planning and financing.
Developing navigation & infrastructure. New power dynamic among: France, Spain,
England. They use marine to expense country profile. THey approach problems in
different ways. Spain
extensive trade network o Caribbean, south America to
western side of south America to the coast of Mexico, to pacific ocean. Trading on
labor intensive economy: mining, plantation agriculture(sugar cane, most long-term
lucrative for Spain in the long term) mission: to convert souls to Christianity.
not extensive, but wild-spread route. Dominate many parts of the world.
In the beginning, England is in disadvantages to administer, too spread out.
Economically exploit the area , sugar, 2) fish ( new Finland), tobacco and cotton
( Virginia). France
got into Atlantic later, need to compete for territory, dispersed
territory. Isolated holding in Caribbean, S.America and E. Africa( useful to gather
The Atlantic Community: Speculation, Colonialism, and Trade
Speculation: huge sum of investment, risky. Most ppl lost those investment or
comes back late. They want risky investment,
Tulips, 1634-1637: 1
major speculated commodity. Came from Ottoman
ambassadors into W.Europe. Tulip bulb. Most prestigious flower to grow and
give in W. Europe. Rarelty can be trade in the market. Become infected by a
diseases to cause Tulips bloom with different bizarre colors. They became to
selectively, but it became weak. So high investment but Tulips died without
prediction. A single flower might worth a house. If I own 1 bulb,
will grow to