colonialism, mercantilism, & labor systems 1450-1750 lesson 5
TRANSCRIPT
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Colonialism, Mercantilism, Colonialism, Mercantilism, & Labor Systems& Labor Systems
1450-1750 Lesson 51450-1750 Lesson 5
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Main Ideas:Main Ideas:• Each country establishes colonies for Each country establishes colonies for
unique reasons, but colonies serve unique reasons, but colonies serve standard purposesstandard purposes
• New systems of labor are developed to New systems of labor are developed to accommodate colonial goalsaccommodate colonial goals
• A new economic system is developed A new economic system is developed based on colonialism and a new global based on colonialism and a new global trade markettrade market
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ColonialismColonialism• Political control for Political control for
economic benefitseconomic benefits• Colonies are established Colonies are established
for three reasons:for three reasons:– Provide raw materials Provide raw materials
for the mother countryfor the mother country– Serve as a market for Serve as a market for
manufacturesmanufactures– Provide an outlet for Provide an outlet for
excess populationexcess population
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Colonial PolicyColonial Policy• The “Mother Country”:The “Mother Country”:
– Maintains colonies as long as Maintains colonies as long as they supply resourcesthey supply resources
– MUSTMUST keep colonies dependent keep colonies dependent (politically & economically)(politically & economically)
• National variations:National variations:– SPAIN--SPAIN--allall decisions made by decisions made by
king king – FRANCE--colonies paid FRANCE--colonies paid
astronomical taxesastronomical taxes– ENGLAND—salutary neglectENGLAND—salutary neglect
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Coercive Labor PracticesCoercive Labor Practices• Spanish Spanish mitamita system, slave trade system, slave trade• Encomienda System Encomienda System (ESP):(ESP):
landlords granted landlords granted haciendashaciendas; rights ; rights to land, resources, & labor of to land, resources, & labor of inhabitantsinhabitants
• Variations in Slavery:Variations in Slavery:– Caribbean/Brazil:Caribbean/Brazil: rapid turnover— rapid turnover—
more cost effective to “buy new ones”more cost effective to “buy new ones”– North America:North America: est. much later—end est. much later—end
of slave trade forces maintenanceof slave trade forces maintenance
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MercantilismMercantilism• Economic philosophy Economic philosophy
that promotes that promotes commercialism using commercialism using colonial raw materials colonial raw materials & European & European manufacturingmanufacturing
• Necessary factors:Necessary factors:– Colonial possessionsColonial possessions
– Ability to manufacture Ability to manufacture goodsgoods
– Currency based on gold Currency based on gold & silver& silver
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Mercantilist PoliciesMercantilist Policies
• Wealth based on bullion (gold & Wealth based on bullion (gold & silver)silver)
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Mercantilist PoliciesMercantilist Policies
• Favorable Balance of TradeFavorable Balance of Trade: sell : sell to other countries (for gold), but to other countries (for gold), but don’t buy from themdon’t buy from them
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Mercantilist PoliciesMercantilist Policies• Become self-Become self-
sufficient--colonies sufficient--colonies help this by help this by providing raw providing raw materials without materials without foreign trade & a foreign trade & a market to sell goodsmarket to sell goods
• The Trans-Atlantic The Trans-Atlantic Trade System Trade System (Triangular Trade)(Triangular Trade)
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Trans-Atlantic Trade, 1492-1800Trans-Atlantic Trade, 1492-1800
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ProblemsProblems• Depends on raw Depends on raw
materials from coloniesmaterials from colonies
• Encourages limiting tradeEncourages limiting trade
• MOST IMPORTANT!--MOST IMPORTANT!--hoarding gold causes hoarding gold causes terrible inflation (prices terrible inflation (prices in Spain rose 120% in in Spain rose 120% in 1500’s)1500’s)
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ConclusionsConclusions• Mercantilism drives quest Mercantilism drives quest
for colonies (interaction, for colonies (interaction, but negative)but negative)
• Colonial policies Colonial policies gradually alienate gradually alienate colonies from mother colonies from mother countriescountries
• Development of new Development of new cultures based on cultures based on syncretismsyncretism