European Competition A. Mercantilism 1. Dominant economic theory

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Presentation transcript:

European Competition A. Mercantilism 1. Dominant economic theory 2. Country’s strength = amount of gold & silver

B. Favorable trade balance 1. Export more than you import 2. Sell more than you buy

C. Create a surplus of trade goods D. Colonization 1.Colonies provide raw materials

2. Market place for the Mother Country E. Complete economic circle

Motives for Spanish Colonization A. Secure claims to new territories B. Secure gold & silver Agricultural products- Indigo & Sugar

D. Convert Indians to Christianity E. Raw materials

French Colonization A. Fish for Cod B. Fur trade C. Convert Indians to Christianity D. Raw material

Dutch Colonization A. Fur trade B. Establish ports for trade (New Amsterdam) C. Raw Materials

English Colonization A. Competition with Spain B. Spread Anglican Church (Church of England) C. Raw materials D. Gold & Silver