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. England
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 slaves)
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 more!! Amsterdam, portable. Become Travelers’ cash.