1. Economic Expansion IMPERIALISM: domination by one country o/t political, economic & cultural life of another country The Colombian Exchange –Trade between New World & Old World The British East India Co. –Mughal infighting –Industrial Revolution in Euro

2. New Patterns of Trade Mercantilism: policy to gain wealth in order to have a strong military & expand influenceMercantilism –fixed amount of wealth (gold/silver) i/t world, thus –nations began imperializing –Imperialized countries could ONLY trade with their European imperializer Balance of Trade: sell more than buy –Subsidies: grants of $ to help start new business/s

3. It’s all about TRADE; It’s all about COMMERCE CAPITALISM: economic system where individuals & business make decisions to make a PROFIT Joint-Stock Companies: –investors pool $ to fund more business –Investors buy shares of stock, thus becoming a part-owner o/t company

4. The British East India Company Lasting Effects: –new education system –English language –Changed some Hindu laws widows can remarry –forbid SATI Sepoys, Indians i/t British army –had to serve outside India –gun cartridges were soaked w/ beef/pig fat –Led to Sepoy Rebellion –VICEROY: British ruler of India The British Empire

5. As you read “A Commercial Revolution” on pages 492-493, complete the following flowchart to record the sequence of events the led to new global economic systems, as well as effects. CausesNew Economic Systems Capitalism Effects