The Atlantic Economy and the Slave Trade

The Atlantic Economy and the Slave Trade - Home country has...

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The Atlantic Economy and the Slave Trade
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Objective To understand how the Atlantic Economy functioned To understand how European diplomacy affected the rest of the world To understand the slave trade
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Mercantilism Main economic system of the eighteenth century A nation’s wealth based on gold and silver Countries gained colonies for natural resources Colonies can only trade with mother country
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Spread of Colonial Empires Spain and Portugal in Latin America Mexico, Peru, Brazil Britain in North America Thirteen Colonies France in North America Quebec, Louisiana
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Spread of Colonial Empires War in Europe led to war in the colonies Global conflicts between Britain and France French and Indian War results in Britain controlling North America Expenses from the war leads to American Revolution
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Colonial Economy Mercantilism Colonies furnish raw materials to home country Home country sells back manufactured goods
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Unformatted text preview: Home country has monopoly on colonial trade Imports from other countries highly expensive Encouraged smuggling Atlantic Economy Atlantic Economy Slave Trade First introduced to the Americas by Spanish and Portuguese Slavery introduced to English colonies in 1619 Slaves captured from Africa and traveled in Middle Passage to new world to be sold Slavery Slaves worked on plantations Sugar, tobacco, indigo Slave societies highly stratified Slaves had few rights, if any Europeans believed they did African slaves a favor Slave Trade Sugar Plantation in the Caribbean Conclusion Mercantilism the major economic system Based on reserves of gold and silver Colonies need to furnish raw materials to home country Home country provided manufactured goods Slavery required to maintain mercantlist system...
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