an economic policy under which a nation tries to get and keep as much bullion as possible
TRANSCRIPT
Three great explorers are setting out across
the Atlantic. Read their mission statements and decide with whom you will get in the boat.
Remember… the idea is to sail with the man that
will get you the most bullion!
Pip Pip!Are you tired of the shortage of land? Have you been in debt and King James is threatening
you with prison? Join me in my search for a land where every man shall haveth a
golden chamber pot and every child shall have a cape of
rubies. Your pantaloons shall overflowith with gold. God
himself hath chosen this place for man’s habitation.
Cheerio!
John Smith
Úname! Are you feeling old, tired,
weary… maybe even down trodden. Join me as we search for the fountain of
youth. With your rejuvenated spirit, you will have plenty of
energy to convert the barbarians beyond the seas.
With a healthy lifestyle, we shall also have a healthy
pocket book. You will be able to give your children and your
children’s children golden fleece diapers.
Adios! Ponce de
Leon
Bon jour mon petit chou! Do you desire glory and your
name in bright lights? Join me in my search for the northwest
passage. That ship which uncovers the secret shall
control the spices of the east. Viva la France!
Samuel de Champlain
Mercantilism: economic policy in which a nation tries to get as much bullion as possible
Mother CountryColony
Mercantilism…
1. Colony: area settled by immigrants ruled by a mother country… supply raw materials
Foreign CountryColony
Mercantilism…1. Colony…
2. Favorable Balance of Trade: having a larger inflow of bullion than outflow
Foreign CountryMother Country
Mercantilism…1. Colony…
2. Favorable balance of trade…
3. Joint Stock Company: group of investors who fund the trip and split profits
He does all the
work, we get all the
profits!
Jamestown: 1st successful English colony1. Motives: want to find gold and silver
a. Virginia Company: JSC that est. Jamestown
2. Struggles with Settlementa. Settle near swamp
disease (malaria, dysentery, typhoid)
b. Live down stream from Powhatan (N. Amer tribe) contaminated water
c. “starving time” = period of famine
i. planted wheat and searched for gold… no gold in Virginia, and wheat doesn’t grow!
3. Economic Developmenta. John Smith: captain whose
leadership saved colonyi. “He who does not work will not
eat”
b. John Rolfe: father of tobacco i. Labor shortage slave trade
ii. Labor shortage Indentured servants… work 3-7 years for travel, housing, food, etc
Get a job
4. Political Developmenta. Demand for land war with Indians
increased need for local government
b. House of Burgesses: meeting place where elected representatives made laws
Interactive Websites
• Decision Maker
• http://www.historyglobe.com/jamestown/
• Expansion of Jamestown http://www.virtualjamestown.org/jamestown_development/settlement_v2.html