1. The Commericial Revolution: Mercantilism

2. During the 16th and 17th centuries, European nations competed for overseas ______, ______, and _______. As a result, new ________ ideas were developed, such as _________. ___________ said that the goal of any nation was to be ___-_______. This meant that a nation should attempt to ______ all the goods it needed. To do this, _________ said a country must get ________ and that the ________ would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

3. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new ________ ideas were developed, such as _________. ___________ said that the goal of any nation was to be ___-_______. This meant that a nation should attempt to ______ all the goods it needed. To do this, _________ said a country must get ________ and that the ________ would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

4. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as _________. ___________ said that the goal of any nation was to be ___-_______. This meant that a nation should attempt to ______ all the goods it needed. To do this, _________ said a country must get ________ and that the ________ would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

5. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. __________ said that the goal of any nation was to be ___-_______. This meant that a nation should attempt to ______ all the goods it needed. To do this, _________ said a country must get ________ and that the ________ would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

6. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be ___-_______. This meant that a nation should attempt to ______ all the goods it needed. To do this, _________ said a country must get ________ and that the ________ would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

7. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to ______ all the goods it needed. To do this, _________ said a country must get ________ and that the ________ would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

8. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, _________ said a country must get ________ and that the ________ would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

9. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, mercantilism said a country must get ________ and that the ________ would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

10. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, mercantilism said a country must get colonies and that the ________ would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

11. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, mercantilism said a country must get colonies and that the colonies would the the chief supplier of ______ _______. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

12. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, mercantilism said a country must get colonies and that the colonies would the the chief supplier of natural resources. ______ would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

13. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, mercantilism said a country must get colonies and that the colonies would the the chief supplier of natural resources. Colonies would also be a _______ for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

14. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, mercantilism said a country must get colonies and that the colonies would the the chief supplier of natural resources. Colonies would also be a market for goods produced by the _____ country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

15. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, mercantilism said a country must get colonies and that the colonies would the the chief supplier of natural resources. Colonies would also be a market for goods produced by the mother country. The theory claimed that ________ existed only for the benefit of the _____ country. 1

16. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, mercantilism said a country must get colonies and that the colonies would the the chief supplier of natural resources. Colonies would also be a market for goods produced by the mother country. The theory claimed that colonies existed only for the benefit of the _____ country. 1

17. During the 16th and 17th centuries, European nations competed for overseas markets, colonies, and resources. As a result, new economic ideas were developed, such as mercantilism. Mercantilism said that the goal of any nation was to be self-sufficient. This meant that a nation should attempt to produce all the goods it needed. To do this, mercantilism said a country must get colonies and that the colonies would the the chief supplier of natural resources. Colonies would also be a market for goods produced by the mother country. The theory claimed that colonies existed only for the benefit of the mother country. 1

18. Also during this time period occurred what has been called the _________ (trade & business) Revolution. Along with the theory of __________, other economic changes happened. New _____ and ______ systems were created in order to pay for _________ and ____ voyages. ____-____ companies were formed to help spread the risk of long ocean going voyages. 2

19. Also during this time period occurred what has been called the Commercial (trade & business) Revolution. Along with the theory of __________, other economic changes happened. New _____ and ______ systems were created in order to pay for _________ and ____ voyages. ____-____ companies were formed to help spread the risk of long ocean going voyages. 2

20. Also during this time period occurred what has been called the Commercial (trade & business) Revolution. Along with the theory of mercantilism, other economic changes happened. New _____ and ______ systems were created in order to pay for _________ and ____ voyages. ____-____ companies were formed to help spread the risk of long ocean going voyages. 2

21. Also during this time period occurred what has been called the Commercial (trade & business) Revolution. Along with the theory of mercantilism, other economic changes happened. New money and banking systems were created in order to pay for _________ and ____ voyages. ____-____ companies were formed to help spread the risk of long ocean going voyages. 2

22. Also during this time period occurred what has been called the Commercial (trade & business) Revolution. Along with the theory of mercantilism, other economic changes happened. New money and banking systems were created in order to pay for exploration and trade voyages. ____-____ companies were formed to help spread the risk of long ocean going voyages. 2

23. Also during this time period occurred what has been called the Commercial (trade & business) Revolution. Along with the theory of mercantilism, other economic changes happened. New money and banking systems were created in order to pay for exploration and trade voyages. Joint-stock companies were formed to help spread the risk of long ocean going voyages. 2