The Global Economy/The Rise of the Atlantic Economy

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The Global Economy/The Rise of the Atlantic
Economy

• By Matt, Rachel, Audrey, Al-e

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Focus Question

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•  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?
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• How did the expansion of european trade effect
  and create new economic patterns?

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Mercantalism and Colonial Wars

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• Mercantilism is an economic system
• The Navigation Acts
• Colonial Success Effecting Europe
• France's Quest for Power
• The Treaty of Paris

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Land and Labor in British America

• -Settlers took up farming on free land
•     -dropped European povery levels
•     -population rose
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• -Because of all the free land, labor expenses
  started to rise
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• - This is when slavery was introduced into the
  Americas
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• -American shipping industry grew

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the Atlantic Slave Trade
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Atlantic Slave trade cont'd

• a very important elemant in European expansion
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• forced the migration of millions of Africans
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• Slave trade in Britain was finally abolished in
  1808

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The Revival in Colonial Latin America

• Political revival and economic growth
• Spain acquired Louisiana in 1763
• Silver mining in Mexico
• Trade grew 
•  Mestizos 
•  Creole landowners used debt peonage
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Trade and Empire in Asia

• Portugese dominated the Indian Ocean
• Dutch East India Company
• English East India Company 
• British defeated the Mughal Emperor
• British gained control of India

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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
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• How did the expansion of European trade effect
  and create new economic patterns?

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Sources

• http//www.econlib.org/library/Enc/
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• http//www.stephenhicks.org/wp-content/uploads/201
  0/02/american-colonies.gifbios/Smith.html
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•  http//tclaudeapwhp2.wikispaces.com/Africaandth
  eAfricansintheAgeoftheAtlanticSlaveTrade
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