Monarchies and Empire Effects of European Expansion, Competition, and Colonialism Objective: Evaluate the effects of colonialism on Africa, the Americas, Asia, and Europe.
Quebec: 1 st permanent French settlement; Samuel de Champlain Jamestown: 1 st permanent English settlement; tobacco Competition between France & England Fur trade & fishing French primarily interested in fur trade (New France)
Quebec
Jamestown
Tobacco
Fur Trade
New France
Joint stock companies: investors shared risks and profits East India Company: joint-stock company; focus on India Mercantilism: state’s power depends on wealth Balance of trade Difference in exports & imports Favorable: more exports than imports balance of trade- the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports.
East India Company
Colonies: Sources of raw materials Markets for products Salutary neglect Colonies left alone to run their own affairs Little interference Columbian Exchange: plants & animals between Old & New Worlds