Economic Expansion

1
Economic Expansion

• IMPERIALISM domination by one country o/t
  political, economic cultural life of another
  country
• The Colombian Exchange
• Trade between New World Old World
• The British East India Co.
• Mughal infighting
• Industrial Revolution in Euro

2
New Patterns of Trade

• Mercantilism policy to gain wealth in order to
  have a strong military expand influence
• fixed amount of wealth (gold/silver) i/t world,
  thus
• nations began imperializing
• Imperialized countries could ONLY trade with
  their European imperializer
• Balance of Trade sell more than buy
• Subsidies grants of to help start new
  business/s

3
Its all about TRADE Its all about COMMERCE

• CAPITALISM economic system where individuals
  business make decisions to make a PROFIT
• Joint-Stock Companies
• investors pool to fund more business
• Investors buy shares of stock, thus becoming a
  part-owner o/t company

4
The British East India Company

• Lasting Effects
• new education system
• English language
• Changed some Hindu laws
• widows can remarry
• forbid SATI
• Sepoys, Indians i/t British army
• had to serve outside India
• gun cartridges were soaked w/ beef/pig fat
• Led to Sepoy Rebellion
• VICEROY British ruler of India

The British Empire
5
As you read A Commercial Revolution on pages
492-493, complete the following flowchart to
record the sequence of events the led to new
global economic systems, as well as effects.
Causes New Economic Systems Capitalism Effects