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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 Focus Question How did the Atlantic trade and the introduction of a Global Economy ... – PowerPoint PPT presentation

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Title: The Global Economy/The Rise of the Atlantic Economy


1
The Global Economy/The Rise of the Atlantic
Economy
  • By Matt, Rachel, Audrey, Al-e

2
Focus Question
  •  
  •  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?
  •  
  • How did the expansion of european trade effect
    and create new economic patterns?

3
Mercantalism and Colonial Wars
  •  
  •  
  •  
  • Mercantilism is an economic system
  • The Navigation Acts
  • Colonial Success Effecting Europe
  • France's Quest for Power
  • The Treaty of Paris

4
Land and Labor in British America
  • -Settlers took up farming on free land
  •     -dropped European povery levels
  •     -population rose
  •  
  • -Because of all the free land, labor expenses
    started to rise
  •  
  • - This is when slavery was introduced into the
    Americas
  •  
  • -American shipping industry grew

5
the Atlantic Slave Trade
6
Atlantic Slave trade cont'd
  • a very important elemant in European expansion
  •  
  • forced the migration of millions of Africans
  •  
  • Slave trade in Britain was finally abolished in
    1808
  •  

7
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
  •  

8
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

9
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
  •  

10
  • How did the expansion of European trade effect
    and create new economic patterns?

11
Sources
  • http//www.econlib.org/library/Enc/
  •  
  • http//www.stephenhicks.org/wp-content/uploads/201
    0/02/american-colonies.gifbios/Smith.html
  •  
  •  http//tclaudeapwhp2.wikispaces.com/Africaandth
    eAfricansintheAgeoftheAtlanticSlaveTrade
  •  
  •  
  •  
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