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Mercantilism in the colonies
Mercantilism in the colonies
Mercantilism in the colonies
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How Mercantilism Helped to Shape the American Nation
In the Middle Ages, the definition of wealth was based on the amount of productive land. According to this definition, France was the wealthiest and therefore the most powerful of the European nations. During the sixteenth century the definition of wealth began to change. As the ability to conduct profitable foreign trade increased, so did the amount of cash. Thus, the new definition of wealth came to mean the gain of cash or specie. Specie included gold, silver, or bullion. The wealthiest nation became the one with the most cash, and therefore, the most powerful nation. As the redefining of wealth took hold, there was an increased desire and ability to conduct foreign trade on a larger scale as cash became the new medium of exchange in contrast to bartering. Mercantilism began to take hold of the countries of Europe. Mercantilism was characterized by the governmental regulation of industries, trade, and commerce. This was especially true with foreign trade, and was determined more by national aims rather than individual or local interests. This new quest for trade began the Age of Expansion in the early fourteen hundreds. This era ushered in a search for new sources of revenues, and focus turned toward the colonization of the New World. The Portuguese, Spanish, and English directed many efforts of colonization and development toward this new land in an attempt to establish themselves as the economic leaders of the world. As mercantilism began to change, so did the power flux of the European countries. Thus began the shaping of North America as we know it.
The Age of Expansion brought many changes to medieval Europe. During this period, the countries of Europe began to look beyond their borders. In Europe, there was nowhere to grow. This being the case, the only place to turn was west. Portugal came into existence in the early 1400's. It is a small country bordered on one side by the sea, and by Spain on the other. Out of necessity the Portuguese became the masters of the sea. They began to acquire a great knowledge of the sea and advanced in navigation, sailing, and map-making. They also founded an academy of navigation in Lisbon. In the early 1400's, the Portuguese began exploratory voyages. The Portuguese wanted to establish themselves in large-scale international trade. The four things most desired by the people of Europe were spices, sugar, precious metals, and silk.
During the period 1550-1800, the colonization of the Americas by European civilizations led to massive shifts in economic power from the West to East and vice-versa. An increase in global competition among western civilizations and against their asian counterparts drove Europeans to search for wealth elsewhere, and thus colonizing the Americas. One of the easiest ways to generate a profit, increase a civilizations wealth, and ultimately their military power was through the silver trade. In monopolizing said trade, Europe was able to establish a somewhat steady economic connection to the very wealthy Asian civilizations. However, european nations were struggling to keep control of the silver trade out of Asian hands, which caused major shifts
Toward the end of pre-colonial times in Europe, due to the fall of Constantinople, many European nations felt the need to find an alternate route to the East Indies. The trade of rare goods such as spices, rice, exotic fruits and silk fabrics were much in demand, but came at extreme prices. In the beginning of the ‘Age of Exploration’, Portugal was in the forefront with the early explorers Henry the Navigator, Zarco and Tristao Vaz Teixeira, and Diogo Silves discovering the Madeira Islands, the Azores, and the exploration of Africa respectively, but King John the II of Portugal was unconvinced by Christopher Columbus’s pleas to fund his plan to sail West to the East Indies. Columbus made many demands for self-profit, including ten percent of any riches with which he returned, and even an ‘Admiralty’. Subsequently, Columbus took his plans to Queen Isabella of Spain. Spain acquiesced, and Columbus set off on his fateful journey. The Roman Catholic Church was very interested in expanding the Christian faith during this time and applied its influence on the monarchy. Religion also played a large personal role as Columbus truly believed that God spoke to him, and guided his hand. Additionally, at this time in Europe, land and food were at a premium. The monarchs of the era were fully aware that the acquisition of more land, slave labor and possible natural resources would greatly increase their power, prestige and subsequent wealth. After learning of Columbus’ successful return and the Treaty of Tordesillas (which divided the New World between Spain and Portugal), King Henry VII of England threw his hat into the ring and sent John Cabot sailing from Bristol on an attempt to find a shorter route to the ‘Indies’. Not to be left out in ...
Mercantilism and capitalism both have to do with money accumulation. Capitalism are businesses controlled by private owners. Since they own the business and the government doesn’t all the profit from the work they’ve done and the trades they’ve made goes to them. Mercantilism are countries that are exporting more goods than their importing. In 17th and 18th century this system was used by British government to restrict how the colonies spent their money. Capitalism is the making of the money in a country, and mercantilism is making money from other
During the 15th century Europe had numerous changes. The population expanded rapidly which gave rise to new classes of merchants. European nations were very wealthy when it came to spices. Therefore, they traded them on the land route from Asia. These land routes were controlled by the Turkish Empire, which lead to many problems for the countries who were trying to trade these spices and acquire other valuables. This then steered them to begin searching for other routes of trade to essentially cut out the “middle man”. A race then began to erupt between many European countries such as Portugal, Spain, France, and England. These four countries all wanted to be the first to discover new land. However, Portugal pulled ahead and sailed along
Religion played a major role in expansion for both the Portuguese and the Spanish due to their extensive anti-Muslim crusade. Due to the over zealous religious fervor of the Christian Iberians, Christianity and thus the Iberians expanded into parts of western Europe during the crusades as Christians tried to convert the Muslims who were occupying this area. The Iberians did not stop with the European mainland; they were also expanding overseas. They were interested in the fertile land of the Canary Islands, Madeira, Azores and Cape Verde. These islands would also prove to be strategic acquisitions for the Iberians, as they would eventually provide the Iberians with bases and ports to be used for commerce. Throughout the 15th century the Spanish and Portuguese had been exploring lands throughout the Atlantic which drove Queen Isabella of Spain to commission Christopher Columbus in 1492 to “Discover and acquire islands and mainland in the ocean sea” (p.340) which eventually led to the discovery of North America.
Beginning in the 1600s, one of the main concepts for England, France, and Spain at the time was mercantilism. These were the three most powerful and blooming countries at the time. Starting from the earliest years as the late 1500s, and continuing on, all three countries were soon to battle for claim of the new land. Only one country could triumph. Despite success, even the strongest can become the weakest.
Szapocznik, J., Schwartz, S. J., Muir, J. A., & Brown, C. H. (2012). Brief strategic family therapy. Couple and Family Psychology: Research and Practice, 1(2), 134–145.
“The Yellow Wallpaper” is set in the 18th century, and this specific time era helps substantiate Gilman’s view. During the 18th century women did not have a lot of rights and were often considered a lesser being to man. Women often had their opinions
Born in 1860, Gilman’s life, according to our textbook, was not one of convention or stability. Uncommon at the time, her parents divorced when she was nine. She herself was divorced after a ten-year marriage in 1884 that almost drove her insane. This marriage produced the semi- autobiographical work entitled, The Yellow Wall-Paper. Truly a feminist in the purest definition of the word, always active and enjoying whatever passions of life she chose. She even chose the way she left this life in 1935.
The immediate cause of the European voyages of discovery was the conquest of Constantinople by the Ottoman Turks in 1453. While Egypt and Italian city-state of Venice was left with a monopoly on ottoman trade for spices and eastern goods it allowed Portugal and Spain to break the grip by finding an Atlantic route. Portugal took the lead in the Atlantic exploration because of the reconquest from the Muslims, good finances, and their long standing seafaring traditions. In dealing with agriculture, The Portuguese discovered Brazil on accident, but they concentrated on the Far East and used Brazil as a ground for criminals. Pernambuco, the first area to be settled, became the world’s largest sugar producer by 1550. Pernambuco was a land of plantations and Indian slaves. While the market for sugar grew so did the need for slaves. Therefore the African Slave start became greatly into effect. Around 1511 Africans began working as slaves in the Americas. In 1492, Columbus embarked on his voyage from Spain to the Americas. The Euro...
Naturalism portrays humans' control over their actions and fate as limited and determined by the natural world, including their very humanity. The freedom described by Jean-Paul Sartre results in all individuals having the ability to make present choices independently. Despite the fatalism illustrated in naturalism, the characters in London's 'To Build a Fire' and Crane's 'The Open Boat' are ultimately responsible for their choices and consequences of their choices.
Around the beginning of the sixteenth centruy, many countires had started to explore farther away and finding new territories. New products like sugar and taobacco began to emerge around the world in many places. Many countries in Europe were gaining power due to the control of colonies in the Americas. Asian countries did not explore as much, but still managed to remain large and powerful for a while. The global flow of silver had economic effects on inflating prices of goods and stimulating econimic policy of mercantilism, and social effects on negative effects on the lower class around the world during the mid-sixteenth century to the early eighteenth century.
The Age of maritime exploration in Europe represented a new era of global inter-connectivity and interaction. Due to technological development, Europeans were capable to forging into new and formerly undiscovered territories. The Europeans growing desire to satisfy their demand for luxurious good as well as the desire to discover precious materials like silver and gold served as a particularly crucial motivation for maritime exploration. Maritime exploration also introduced Europeans to new culture, foods, and peoples.
The protagonist of the story, who is purposely not given a name, as the idea that the environment will determine his fate rather than his free will. The Man is forced to accept that he is not invinc...
Women have been mistreated, enchained and dominated by men for most part of the human history. Until the second half of the twentieth century, there was great inequality between the social and economic conditions of men and women (Pearson Education). The battle for women's emancipation, however, had started in 1848 by the first women's rights convention, which was led by some remarkable and brave women (Pearson Education). One of the most notable feminists of that period was the writer Charlotte Perkins Gilman. She was also one of the most influential feminists who felt strongly about and spoke frequently on the nineteenth-century lives for women. Her short story, "The Yellow Wallpaper" characterizes the condition of women of the nineteenth century through the main character’s life and actions in the text. It is considered to be one of the most influential pieces because of its realism and prime examples of treatment of women in that time. This essay analyzes issues the protagonist goes through while she is trying to break the element of barter from her marriage and love with her husband. This relationship status was very common between nineteenth-century women and their husbands.