European Competition

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European Competition

• A. Mercantilism
• 1. Dominant economic theory
• 2. Countrys strength amount of gold silver

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• B. Favorable trade balance
• 1. Export more than you import
• 2. Sell more than you buy

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• C. Create a surplus of trade goods
• D. Colonization
• 1.Colonies provide raw materials

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• 2. Market place for the Mother
  Country
• E. Complete economic circle

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Motives for Spanish Colonization

• A. Secure claims to new territories
• B. Secure gold silver
• Agricultural products- Indigo Sugar

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• D. Convert Indians to Christianity
• E. Raw materials

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French Colonization

• A. Fish for Cod
• B. Fur trade
• C. Convert Indians to Christianity
• D. Raw material

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Dutch Colonization

• A. Fur trade
• B. Establish ports for trade (New Amsterdam)
• C. Raw Materials

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English Colonization

• A. Competition with Spain
• B. Spread Anglican Church (Church of England)
• C. Raw materials
• D. Gold Silver