Chapter 14.5: Toward a World Economy (4)

Overseas Trade and Colonies: Movement Toward Globalization
Mercantilist Theory
- a. Mercantilist theory matched by Europe’s overseas expansion
- i. Colonies and trading posts in Americas and Eastà adventure in international commerce in 17^th c.
- 1. Local, regional, and intra-European trade predominated
Overseas Trade and Colonies: Movement Toward Globalization
Mercantilist Theory: Transoceanic Trade
- a. Transoceanic trade important for value of goods
- English, Dutch and French were bring back products that were consumed by wealthy and beginning to be used by artisans and merchants
Overseas Trade and Colonies: Movement Toward Globalization
18th Century
- a. 18^th century trade in Europe= strong
- i. Slight increase with overseas tradeà global economy
- ii. Trade patterns interlocked Europe, Africa, the East, and the Americas

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marquezd1

191840

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Chapter 14.5: Toward a World Economy (4)

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Europe and the World: New Encounters, 1500-1800

Updated

2013-01-09T02:53:58Z

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