mankind_the_story_of_all_of_us_7.pdf - Arianne Rodriguez P7 Name Mankind The Story of All of Us Sir Francis Drake the Effects of Silver Episode 7

mankind_the_story_of_all_of_us_7.pdf - Arianne Rodriguez P7...

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Name: ______________________________ Mankind: The Story of All of Us Episode 7: “Treasure” Sir Francis Drake & the Effects of Silver 00:00 – 13:02 1. What strategy did Sir Francis Drake use to raid Spanish shipping? 2. Potosi was a mountain with a large amount of silver in it. Once the high–grade silver was mined, how did Bartolomeu Medina refine the rest of it? 3. What did the Spanish create out of the silver at Potosi? Amsterdam & the Tulip Boom 13:02 – 21:17 4. Name at least one example of how Amsterdam dominated economically. 5. The rarity of tulips led to the birth of speculation – the birth of the futures markets. From the description in the video, what is a futures market? 6. Dr. Santhi Hejeebu said, “Everything about financial markets is about timing. The time you enter a contract and the timing you get out.” What does this mean? 7. How did Jan van Goyen pay off the debt he acquired from tulip speculation? The Pilgrims 21:17 – 31:02 8. Why did the Pilgrims bury their dead at first light (first thing in the morning)?

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