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Hist14 Mechantilism and Trade.pdf

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HIST 1010
Christine Ekholst

Oct. 30, 2012 The Early Modern World The Early Modern Colonies: Mercantilism and Trade Port Royal, Jamaica • Under British rule • The richest and wickedest of places o Wicked nature- reason to explain what happened to it o 1692, devastated by an earthquake • Trade and activity indicate this was before 1692 • British army present there until the 10 century • Marine archaeologists excavated Port Royal • Mary Rose sank in 1545 and found in 1970s, Henry VIII o Hundreds of artifacts, as important as finding the ship as well, weapons and equipment and personal possessions o Give scholars important information about the 16 century • 1961, The Vasa was salvaged, sank in 1628, Gustavus Aldophus o Heavy and decorated warships unusual at the time o 5 royal ships demonstrated might and power o Part of the Thirty Years War, never made it to the fighting  Tilted and sank immediately • Material can help verify these accounts, if the descriptions were accurate • Ships and ship-making importance to the development of trade British Empire • 1763, controlled parts of West Indies, Bengal in India, and a large part of North America • Result of conquering regions • Conflicts arose due to these trading • 1492, Christopher Colombus- the start of this trade o Spanish colonization • Portuguese colonized Brazil and went East rather than west, established trading posts in India, Goa (Catholics) and …out of conflict • English held North American coast and region of Hudson Bay • French had interior of region and French Pienne • Dutch colony as well, established colony in Indonesia th • Dutch republic dominated trade in 17 century • Mercantile wars initiated by the Anglo-Dutch Wars o Gold, silver, all other resources Conquest of the New World • Mercantile and empire o Empires being established • Holland, France, Spain, and England • Colonies freeing themselves • Creation of new empires, scrathle for Africa • Decolonization in the mid 20 century • Followed first by England and then by France The Balance of Power • Louis XIV ended reign with a series of wars, union between Spain and France • No nation should become so strong that it should dominate other ones • System of alliances • When a conflict arouse, all the other countries got involved as well (e.g. the development of WWI) • Area of conflict of tension was trade The Mercantile Wars • Attempts to establish and control trade and empires • Advanced system for trade, merchants analyze and adapt to suppliers • Far more good to flow in the system o Consumer revolution • Created and responded to demands in Europe o Increasingly rich middle class in Europe o Certain items became apart of European life (sugar, coffee, and tea) • Dutch dominated o Advanced banking system Dutch ad European Trading • Dutch republic controlled over the spice trade • 1602, Dutch East India Company o Joined stock companies o Shared investments, multiple owners, sharing costs and profits • Creation of the stock market in Europe • English East India Company- 1600 • Given monopolies by the state o Had to pay a lot of money to get ahold of this monopoly, control of trade Exports • Canada- furs The Hudson Bay Company was established in: 1670 o
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