Ch. 16.2 Compass Joint-stock Company Mercantilism Favorable Balance of Trade Tariffs Subsidies Commercial Revolution

What do you see in this image? What kind of image is it? A painting or photograph? Is this image old or new? How do you know? What do you think might be in the rest of the painting?

What types of people have now been revealed in the painting? Describe what they look like. What are they wearing? What are they doing? Why? What do you think might be in the rest of the painting?

Who else now appears in the painting? What do you think is taking place? Who might the man be bowing to?

Now what do we see in the painting? What does this represent? Who specifically? What is the significance of all of the different characters? Why are they all there?

Who are the people in the background? What might be a good title for this painting?

Commercial Revolution 1400s-1700s Standard system of money is utilized Coins now had fixed values Encouraged international trade and banking Banks made loans to those who wanted to explore Joint-Stock Company: owners sold shares or stock in the company. Investors then became co-owners and shared in the profits. Key Explorers: Spain, Portugal, and France

Mercantilism Seek to acquire as much wealth as possible To acquire wealth, one must take it from another country, since there was a fixed amount of wealth in the world Favorable balance of trade: take more gold and silver from one country than it pays them Tariffs, or taxes on imports Discouraged buying foreign goods Exports of manufactured goods Sell goods to other countries Control sources overseas such as raw materials and precious metals Colonial markets become a key to financial success

Social Change Renaissance and Scientific Revolution Curiosity and Discovery Population increase in Europe Gain land and possible wealth elsewhere Reap quick profits Religious Freedom

Explorer Poster You must include the following: Create a poster recruiting seamen for a 16th century sailing expedition. You must include the following: Nation sponsoring the trip Include Map of Nation Reasons for sponsoring trip At least 5 Incentives for Explorers Effective visuals such as maps and resources At least 5 (use map routes and goods sought) Implement Vocabulary Terms At least 5 Terms Poster must be at least 8*10

Anonymous Chinese, CHINESE ARISTOCRATS WEAVING SILK (n. d. ) Anonymous Chinese, CHINESE ARISTOCRATS WEAVING SILK (n.d.). Courtesy of Chinastock Photos. Item #: 1976 Unit: Early Economies, Early Global Commodities Time Period: period 6: 1450 CE - 1770 CE Region: East Asia Video Segment: Commercial Revolution in China, Silver Connects the World: China

Anonymous, CHART OF PACIFIC OCEAN (1567) Anonymous, CHART OF PACIFIC OCEAN (1567). Courtesy of The British Library. Item #: 2688 Unit: Early Global Commodities, Imperial Designs Time Period: period 6: 1450 CE - 1770 CE Region: Pacific/Oceania Video Segment: Silver Connects the World: The Americas

Anonymous, ILLUSTRATION TOWN OF POTOSI IN MOUNTAINS (1581) Anonymous, ILLUSTRATION TOWN OF POTOSI IN MOUNTAINS (1581). Image donated by Corbis - Bettmann. Item #: 4008 Unit: Land and Labor Relationships, Early Global Commodities, Rethinking the Rise of the West Time Period: period 6: 1450 CE - 1770 CE Region: South America and Caribbean Video Segment: The Americas and the Globalization of Labor: Slavery and Resistance, Silver Connects the World: The Americas

Hot Pepper Studios, created for Bridging World History, THE INKAN ROAD SYSTEM (2004). Courtesy of Oregon Public Broadcasting. Item #: 6488 Unit: Early Economies, Early Empires, Early Global Commodities Time Period: period 5: 1000 CE - 1500 CE Region: South America and Caribbean Video Segment: The Inka Empire, Inkan Tribute Economy, Silver Connects the World: The Americas

Anonymous, AFRICAN MERCHANT SELLING SLAVES TO A EUROPEAN (n. d. ) Anonymous, AFRICAN MERCHANT SELLING SLAVES TO A EUROPEAN (n.d.). Original Source not identified. Item #: 3203 Unit: Land and Labor Relationships, Early Global Commodities, Food, Demographics, and Culture Time Period: period 7: 1750 CE - 1914 CE Region: Africa/Egypt Video Segment: Silver Connects the World: Europe, East Asia, West Africa, The Americas and the Globalization of Labor: Slavery and Resistance

Anonymous Japanese, NAMBAN SCREEN: PORTUGUESE SHIP LANDING Anonymous Japanese, NAMBAN SCREEN: PORTUGUESE SHIP LANDING. DETAIL: PORTUGUESE TRADERS ON SHIPBOARD (ca 1500-1700). Courtesy of WorldArt Kiosk/Kathleen Cohen. Item #: 2517 Unit: Early Global Commodities, Rethinking the Rise of the West Time Period: period 6: 1450 CE - 1770 CE Region: East Asia Video Segment: Silver Connects the World: Europe, East Asia, West Africa

C. Claez, MAP OF THE WEST COAST OF AFRICA (1596) C. Claez, MAP OF THE WEST COAST OF AFRICA (1596). Courtesy of The Image Works. Item #: 4398 Unit: Land and Labor Relationships, Early Global Commodities Time Period: period 6: 1450 CE - 1770 CE Region: Africa/Egypt Video Segment: Silver Connects the World: Europe, East Asia, West Africa, The Americas

Early Global Commodities Define Globalization What is globalization and when did it begin? Before the sixteenth century, the world's four main monetary substances were silver, gold, copper, and shells. But it was China's demand for silver and Spain's newly discovered mines in the Americas that finally created an all-encompassing network of global trade. Video Summaries Video Notes