1. 1400s-1600s MERCANTILISM, CAPITALISM, AND COLONIALISM

2. THE WORLD IN 1490

3. Capitalism  Economic system in which individuals and corporations invest in business to earn profits Mercantilism  Theory that nations become powerful by storing gold and silver  How to get gold and silver:  Export (sell) more than import (buy)  Set up colonies to get gold and resources ECONOMIC THEORY

4.  1400’s  Find a water route to Asia  1500’s-1700’s  Establish colonies and find gold and other resources WHY EXPLORE?

5. Colony  Group of people who settle in a new land but remain loyal to their mother country Charter  Document that gives a person the right to create settlements in an area VOCABULARY

6.  New Spain  New France  13 English Colonies  England’s colonies were divided into three geographical regions:  North (New England)  Middle  South NORTH AND SOUTH AMERICAN COLONIES

7. Map Key New Spain New France 13 English (British) Colonies EUROPEAN COLONIES IN THE WESTERN HEMISPHERE

8. Push Factors (Why leave Europe) Pull Factors (Why come to America) No Land Religious Persecution Monarchy Economic Problems Lots of Cheap Land Religious Freedom Self-Government Economic Opportunity WHY BECOME A COLONIST?

9. SpainFranceEngland What kind of materials did they find in North America? Gold and silverBeaver furFurs, lumber, tobacco, iron, whale oil, corn How did they treat the Native Americans Took land Killed them Built missions Inter-married Did not take land Traded Inter-married Took land through war EUROPEANS IN AMERICA