Unformatted text preview: UNIT 4 Technological Innovation TOPIC 1 in Sea-Based Empires TIME PERIOD 1450-1750 1 Key Terms by theme 1.Maritime: 2. Every European Country framed laws to regulate its trade and commerce. Joint-Stock companies are companies in which instead of having one or two owners instead you have many investors. By this, a country should be self-sufficient in production. Please help, I need examples of how the region of Western Europe changed and what continued between the years 1450-1750. PERIOD 4 REVIEW: 1450 - 1750 C.E. Being guided by these principles, colonialism reached the pinnacle of success. The characteristics of Mercantilism were as such: At first, the merchants put emphasis on foreign trade. Example Question #1 : Labor Systems And Economic Systems 1450 To 1750 Mercantilism was the prevailing economic theory in Europe during __________ . On the other hand, it also inspired a trader to work hard for the repayment of money what he had borrowed and also encouraged him to be rich. Secular political theories explored the role of the state. This encouraged Mercantilism. la calidad del metal y el propuesto por el rey. I'm talking about the Dutch East India Trading Company. Martin Luther opposed the Pope so much so that he was issued ‘Bull of excommunication’ by the Pope. Sixthly, Political Patronage established Mercantilism on sound footing. I've been searching for hours and can't find anything to put into essay form. Top 12 Causes of the American War of Independence, Forts in India: 5 Magnificent Ancient Forts in India, Mosques in India: 15 Ancient Mosques in India. The dominant economic philosophy of the period in Europe was mercantilism. 1.all were shaped by mercantilism—theory that governments should ... c. 1450 TO c. 1750 5.British colonies developed traditions of local self-government a.Britain didn’t impose an elaborate bureaucracy like Spain b.British civil war (seventeenth century) distracted government from Explain the continuities and changes in economic systems and labor systems from 1450 to 1750. This was infact, one of the great characteristics of Mercantilism. The ‘Golden Principles’ of Mercantilism contained its chief characteristics. Lateen Sail: 5. Mercantilism (economic system) Encomienda (labor) Mit’a system (labor) INTERACTIONS: Explain changes and continuities in systems of slavery in the period from 1450 to 1750. Astrolabe: 3. Include 20 multiple choice practice questions along with detailed answer explanations. Spain and Portugal were slow to adopt joint-stock companies. No other era is as easy to summarize as the EARLY MODERN (1450-1750) era. The kings wanted to reduce the power of the feudal Lords and Barons. The Europeans traded the silver for luxury goods, such as silk, porcelain, and tea. revenue on art/literature, 5.3.1. Global interactions c. 1450 to c. 1750. U.S. vs. Latin American Revolutions, 6.1.2 - World Economic Developments - courtney, Economic Globilization: Factors & Effects. Originally built by William the Conqueror on top of Roman ruins. Mercantilism (West Africa) the main goal of mercantilism was to benefit the mother country by trading goods to gain metals. The 600 to 1450 era had some similarities to the following era, the 1450 to the 1750; though as said before, there were the changes also. Choose your answers to the questions and click 'Next' to see the next set of questions. Europe also tried to export the silver to Japan, but Japan cut off its trading borders to Europe in order to avoid European influences entering their country and also to avoid the problem of inflation that the Chinese had encountered. 👉 🎥 Check the Fiveable calendar for this week’s free AP World live stream! Technological innovations, strengthened political organization, and economic prosperity all contributed to this change that completely altered world trade patterns. Russian boyars- Member of the highest rank of the feudal aristocracies, second only to the princes. New diseases, crops, people, and cultures were distributed throughout the world. Moon, a notable economist had advised to charge interest on principal when money was lent. ... Key characteristics of state building, expansion, and conflict of period 1450-1750. The 600 to 1450 era had some similarities to the following era, the 1450 to the 1750; though as said before, there were the changes also. Changes in Architecture: <-The Tower of London was created to intimidate enemies of the English. A free AP European History practice test covering Period 1, which runs from 1450 to 1648. **Evaluate the extent to which mercantilism affected the economic systems of the Atlantic world in the period 1450-1750. Adam Smith, the ‘Father of Economics’ had first used the word ‘Mercantilism’ in his famous book ‘Wealth of Nations’. A free AP European History practice test covering Period 1, which runs from 1450 to 1648. 1.all were shaped by mercantilism—theory that governments should ... c. 1450 TO c. 1750 5.British colonies developed traditions of local self-government a.Britain didn’t impose an elaborate bureaucracy like Spain b.British civil war (seventeenth century) distracted government from Magnetic Compass: 4. Mercantilism had many characteristics. Mrs. Osborn’s APWH Class QUESTIONS OF PERIODIZATION This era includes only 300 years, but some profound and long-lasting changes occurred. Starting mainly in the 16th century they started forming. Technological innovations, strengthened political organization, and economic prosperity all contributed to this change that completely altered world trade patterns. The new global circulation of goods was facilitated by chartered European monopoly companies and the global flow of silver, especially from Spanish colonies in the Americas, which was used to purchase Asian goods for the Atlantic markets and satisfy Chinese demand for silver. From 1500 to 1800, Mexico and Peru produced 85 percent of the world's silver. However, Luther did not bend before it. Great for your AP European History test prep and review. Devenant had opined that the real power of a country is its population. I'm not talking about Charlemagne here. It is based on the idea of a country exporting more than they import. The major player from 1450-1750 is Europe. I need at least two changes and two continuities. The Americas became part of the global trade network, spurred by the Columbian Exchange. Global interactions c. 1450 to c. 1750. http://www.huntington.org/uploadedFiles/Files/PDFs/LHTHTriangularTrade.pdf, http://www2.maxwell.syr.edu/plegal/tips/t5prod/cohenwq1.html, http://books.google.com/books?id=uqo8AAAAIAAJ&pg=PA32&lpg=PA32&dq=global+circulation+of+silver+in+the+1500&source=bl&ots=F7DjIcXbKA&sig=zbrOQLxvAuwIY7UL8FrDLnLlkfI&hl=en&sa=X&ei=UbI9T4TDF9HnggejxLmhCA&ved=0CDEQ6AEwAg#v=onepage&q&f=false, http://afe.easia.columbia.edu/chinawh/web/s5/s5_4.html, http://eheinclassroom.files.wordpress.com/2011/09/mercantilism-map.jpg, http://en.wikipedia.org/wiki/Mercantilism. Originally built by William the Conqueror on top of Roman ruins. 1700 – 1750 number of slaves doubled 85% lived south of Maryland Estimated 12 million to the Americas 16th – 19th centuries ... Mercantilism – economic doctrine Goals – for the British Empire economically superior self-sufficiency national security benefit from its As the companies become more successful the value of these shares increase and thus there is a profit for these investors that can then sell their shares for a gain in capital. Caravel: 6. This is the era the Europeans "wake-up", expand, and build empires. were prominent. An economic policy under which nations sought to increase their wealth and power by strictly regulating the economy to obtain large amounts of gold and silver by selling more goods than they bought and utilizing colonies ... AP Modern World History Unit 3 1450-1750. Fourthly, the Guilds and Banking System gave great impetus for the growth of Mercantilism. 1450-1750. Warfare (1450–1789) Colonialism and Imperialism, 1450–1950. 1450 C.E. Mercantilism means-“Governmental regulation of economic affairs, especially, trade and industry”. Mercantilism. I'm talking about the British Empire. This is the era the Europeans "wake-up", expand, and build empires. This website includes study notes, research papers, essays, articles and other allied information submitted by visitors like YOU. In a similar vein Henry VIII of England did not obey Pope and brought reformation in the Church of England. These investors give money in exchange for shares of the company. WARFARE – 1450 to 1750 The nature of warfare changed in profound and lasting ways in the period covered in this volume, in almost every arena: the weapons used, tactics deployed, strategies pursued, the scale and organization of land and sea forces, and the impact of warfare on states and societies. So, they encouraged the merchants for trade. Atlantic Slave Trade 1700 – 1720: 140,000 slaves brought to British North American colonies 1700 – 1750 number of slaves doubled Henry, ‘the Navigator’ of Portugal and Henry VIII and Queen Elizabeth of England patronised sailors. Before these companies to start a business one or a few individuals would have to risk all their money in a business. Although they put emphasis on economy, they never wanted the intervention in politics. la calidad del metal y el propuesto por el rey. revocation of the Edict of Nantes, 1685; Hugenots fled to Holland, Prussia, and England. This gave birth to ‘Mercantilism’ which played a vital role for the economic prosperity of a country. The triangular trade system impacted the economies of the three regions because of the fact that these three regions were receiving goods not found in that region. In the language of Peltti “Labour is the father…. They wanted to procure gold and silver from other countries by sailing their own products to them. Spain and Portugal followed the principles of mercantilism. Because they harnessed maritime technology like the lateen sail and the magnetic compass and improved astrological charts, they were able to … It served as a royal residence, a prison, and a stronghold. The main theme in this unit is the establishment and expansion of sea-based (maritime) empires. The capitalists invested their capital and made mercantilism more mobile. WARFARE – 1450 to 1750 The nature of warfare changed in profound and lasting ways in the period covered in this volume, in almost every arena: the weapons used, tactics deployed, strategies pursued, the scale and organization of land and sea forces, and the impact of warfare on states and societies. Explain the continuities and changes in economic systems and labor systems from 1450 to 1750. TOS4. The guilds acted as distribution centres and exported the surplus to outside countries. Our mission is to provide an online platform to help students to discuss anything and everything about history. This is a new Europe. This encouraged the small-scale industries. Western colonialism - Western colonialism - Mercantilism: By the time the term mercantile system was coined in 1776 by the Scottish philosopher Adam Smith, European states had been trying for two centuries to put mercantile theory into practice. C. Influenced by mercantilism, joint-stock companies were new methods used by European rulers to control their domestic and colonial economies and by European merchants to compete against one another in global trade. I need at least two changes and two continuities. It is based on the idea of a country exporting more than they import. ... industrialism, mercantilism, capitalism, liberalism, socialism, communism, imperialism, and colonialism. What are the Merits and Demerits of Mercantilism? Many countries of Europe encouraged the intervention of state in commercial activities for the increase of national wealth and power. Nation-states emerged in England, France, and Spain. I'm talking about the Spanish Empire. Welcome to HistoryDiscussion.net! British Empire 1450-1750. Major Themes Overview ... Mercantilism is an economic system that was developed in Europe during the 16th century. This is a new Europe. European nations, in order to create this market, created colonies and established territories where they attempted to generate a market for certain goods. Explain how rulers employed economic strategies to consolidate and maintain power throughout the period from 1450 to 1750. European Expansion (1450-1750) Chapter Exam Instructions. Indian Ocean, Mediterranean, trans-Saharan, Silk Roads) II. This helped in the growth of trade and commerce. Secular political theories explored the role of the state. ... Key characteristics of state building, expansion, and conflict of period 1450-1750. First, from Europe to Africa, hardware, guns, and Indian cotton was traded, and then Middle Passage carried African slaves to the New World. Magnetic Compass: 4. By these laws, it was not possible to import goods from outside countries. 1450-1750 Unit Study Guide "What I Need To Know" Key Concept 4.1: Globalizing Networks of Communication and Exchange I. Commerce and Trade 1450-1750 1. Built out of limestone rather than wood. Africa also had various riches such as gold and silver which were very attractive to European traders. Mrs. Osborn’s APWH Class QUESTIONS OF PERIODIZATION This era includes only 300 years, but some profound and long-lasting changes occurred. This helped in exporting the surplus of the country. Built out of limestone rather than wood. • Damián de Olivares: Analizo la importancia de Explain how political, economic, and cultural factors affected society from 1450 to 1750. They knew that gold and silver are not plentily available in many countries. The Mariner’s Compass also helped the merchants a lot to determine direction inside the deep sea. The exponents of Mercantilism opined that Commerce is the key to progress of every country and it can be achieved at the cost of the interest of other country. (Chapters 13 - 15) Political, Cultural, and Economic Transformations in The Early Modern World. • Luis Ortiz: Aporta ideas para evitar la salida de metales. 1450-1750. In contrast, previous European markets that were much more open and unregulated. As these three regions became dependent on a certain good from the triangle trade, the trade became even more indispensable and used.The facilitator of the trade was England, England produced both textiles and manufactured goods which were not available in either North America or Africa which kept the need for Europe in the network. Mercantilism states that the global supply of wealth is a fixed amount, and that therefore any gain of wealth by one nation must necessarily represent a loss by another. The basis of mercantilism was the notion that national wealth is measured by the amount of gold and silver a nation possesses. KEY POINTS IN DEVELOPMENTS IN EAST ASIA >> 1450-1750 BACK TO KEY POINTS TOC: China: The Ming (1368-1644) and the Qing (1644-1912) China has outstanding naval capacity in the early 1400s (see the discussion of the Ming voyages in the unit Ming Voyages: 1405-1433). European Expansion (1450-1750) Chapter Exam Instructions. • Damián de Olivares: Analizo la importancia de These inventions made merchants confident for maritime trade which galvanised Merchantilism. The telescope invented by Galileo helped the merchants in their journey. Explain the continuities and changes in networks of exchange from 1450 to 1750. Unformatted text preview: UNIT 4 Technological Innovation TOPIC 1 in Sea-Based Empires TIME PERIOD 1450-1750 1 Key Terms by theme 1.Maritime: 2. The main theme in this unit is the establishment and expansion of sea-based (maritime) empires. The monarchies in Europe ran these new trade paths very strictly in order to ensure that the products and goods their colonies were buying were from their own mother country. Thirdly, the Reformation Movement encouraged the merchants. The major player from 1450-1750 is Europe. Contextualizing the Unit ⛵ Mercantilism, an economic policy designed to increase a nation's wealth through exports, thrived in Great Britain between the 16th and 18th centuries. Choose your answers to the questions and click 'Next' to see the next set of questions. Many continuities and breaks occurred between both periods. The problem with this system is that in order for it to work, those countries need a market that wants to buy large amounts of their goods. 1450-1700 Annie DeVries Applied mercantilism to raise money for the state . Explain how political, economic, and cultural factors affected society from 1450 to 1750. 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