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Monarchies and Empire Effects of European Expansion, Competition, and Colonialism Objective: Evaluate the effects of colonialism on Africa, the Americas, Asia, and Europe.
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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)
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Quebec
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Jamestown
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Tobacco
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Fur Trade
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New France
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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.
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East India Company
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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
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