the commercial revolution
DESCRIPTION
The Commercial Revolution. In this lesson, students will be able to define the following terms: The Commercial Revolution Mercantilism Colonies Mother Country Capitalism Joint Stock Company. The Commercial Revolution marked an important step in Europe from - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/1.jpg)
E. Napp
The Commercial Revolution In this lesson, students will be able to define the following terms:
The Commercial RevolutionMercantilism
ColoniesMother Country
CapitalismJoint Stock Company
![Page 2: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/2.jpg)
E. Napp
The Commercial Revolution markedan important step in Europe from
local economies to a global economy.
![Page 3: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/3.jpg)
E. Napp
Mercantilism
• Mercantilism was the belief that a nation’s power depended on the ownership of gold and silver.
• In order to acquire gold and silver, European countries established overseas colonies.
• Colonies provided gold and silver.
![Page 4: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/4.jpg)
E. Napp
Mercantilists believed that a country’swealth was based on the amount of
gold and silver it acquired.
![Page 5: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/5.jpg)
E. Napp
Mother Countries and Colonies
• Mother countries were conquerors.
• The conquered land was a colony.
• In addition to mining for gold and silver, Mother countries imported natural resources or raw materials and exported finished goods.
![Page 6: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/6.jpg)
E. Napp
Mother countries imported cheapraw materials like cotton and
exported more expensive finishedgoods like shirts.
![Page 7: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/7.jpg)
E. Napp
Capitalism
• Merchants and bankers laid the foundations for capitalism.
• In a capitalist system, business owners risk their capital (money) to start new businesses hoping to make profits.
• Individuals formed joint-stock companies.
![Page 8: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/8.jpg)
E. Napp
A stock certificate represents partialownership in a business.
![Page 9: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/9.jpg)
E. Napp
Joint Stock Companies
• A Joint stock company is a privately owned company that sells stock or partial ownership in the company to investors.
• Investors risk their capital or money when they purchase stock.
• If the company is successful, the investor receives his share of the profits.
![Page 10: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/10.jpg)
E. Napp
Joint stock companies were sometimesgiven charters to establish settlements
in the “New World”.
![Page 11: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/11.jpg)
E. Napp
“Triangular” trade made somecontinents wealthy while it impoverished
other continents.
![Page 12: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/12.jpg)
E. Napp
Europeankings
increasedtheir
wealth andpower
throughconquest
andcolonization.
![Page 13: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/13.jpg)
E. Napp
While European Kings and capitalistsincreased their wealth, Native American
Indians and Africans were terribly exploited.
![Page 14: The Commercial Revolution](https://reader036.vdocuments.mx/reader036/viewer/2022062520/56815cc0550346895dcac6a8/html5/thumbnails/14.jpg)
E. Napp
Questions for Reflection:
• Define mercantilism.• How did European nations increase their
wealth and power?• Define capitalism.• Why did individuals invest in Joint stock
companies?• What was “Triangular” trade?• What was the relationship between a
mother country and a colony?