Chapter 18 Section 5 Building the Global Economy

Mercantilism

-Recall what it is

-Why are colonies critical to Mercantilism?

Example: Navigation Acts

1. Colonies couldn’t trade with other nations

2. Trade within Empire must be done on English Ships

-Created a Monopoly for British

-Damaged Dutch (Economic Warfare)

http://media.ourstory.com/70/89/92/ab3479b8023dfdcfa8e746c0bbc95db6d8845c10/80ad4be42665662f35ab69205a5724bfbe1b4e71.png

Colonial Wars

-Especially between England and France (two main colonial powers)

1. Spanish Succession

-Remember King Louis XIV Grandson to inherit Spanish Throne

-England received much of the Hudson Territory in Canada

-England control over West African Slave Trade

2. War of the Austrian Succession

-Britain domination of India was recognized (Jewel of Crown)

3. Seven Years War

-Fought between England and France

- Britain’s Royal Navy defeated France’s Navy

-Spain aided France in War

-Treaty of Paris 1763

-British Victory

-Britain all territory east of Mississippi in N.

America

- Britain received Florida

-French Loss

-Completely eliminated from N. America-Loss territory to England

-Gave Spain LA Territory for assistance

http://upload.wikimedia.org/wikipedia/commons/f/f1/NorthAmerica1762-83.png

*England became world’s dominant colonial empire

4. American Revolution

-American Colonies vs England

-France supports American Colonies and assists in victory

Atlantic Slave Trade

http://www.trinityhistory.org/AmH/images/Atlantic%20Slave%20Trade.png

-Major part of Globalized Economy

1700-1800 6.5 million African Slaves to Americas

-Brazil 45%

-Caribbean 45%

-N. America 3%

http://upload.wikimedia.org/wikipedia/commons/b/b9/The_inspection_and_sale_of_a_slave.jpg

http://www.understandingrace.org/history/society/invention_of_race.html

Negative Effects

-20% died along way

-Inhumane Conditions and Treatment

-Increased warfare among African Tribes

-Substantial loss of young population

-backbone to African societies

-crippled African Societies

“I do not know if coffee and sugar are essential to the happiness of Europe, but I know that these two products have accounted for the unhappiness of two great regions of the world: America has been depopulated so as to have land on which to plant them; Africa has been depopulated so as to have the people to cultivate them. “

Britain did abolish Slave Trade in 1807

http://upload.wikimedia.org/wikipedia/commons/8/80/Official_medallion_of_the_British_Anti-Slavery_Society_(1795).jpg

Identities and Communities of Colonial Latin America

-Social Class http://img2.wikia.nocookie.net/__cb20121110235620/hist140/images/1/1a/QelI-0C98KON6uLuektoBw_m.jpg

1. Peninsulares

-European born colonist living in Latin American colonies

2. Creole

-Debt Peonage- kept native workers in debt bondage by

continually advancing food, shelter, etc.

3. Mestizo and Mulatto

4. Enslaved Africans and Natives

Trade and Empire in Asia and the Pacific

British East India Company strengthened its control and influence in India and Australia

-India- Silk, Textiles, and Pepper

-All in All Europeans connected globalized trade with Asia, Europe, and Africa and would dominate commerce.