Bellringer: 10/22
• Pick up the notes by the door.
• Take out your vocab words for the Global
Trade mini-unit.
• Review your vocab as a last-minute prep for
your vocab quiz.
Table of Contents Update: 10/22
Page 40: Global Trade Vocab Quiz
Page 41: Mercantilism and Comm. Revolution
Notes
Page 42: Quarter 1 Test Review Packet
HOMEWORK: 10-22
STUDY FOR YOUR QUARTER 1 TEST
NEXT CLASS! (MONDAY, OCT. 26)
- Use your study guides, your
notes, and your Q1 Review
Packet to prepare.
Class Notes
THE COMMERCIAL REVOLUTION &
MERCANTILISM
The Columbian Exchange
• Short-term:
– Defeat of the Incan and Aztec empires
– “European” diseases spread
– Enslaved Africans go to the Americas
– American foods (corn, potatoes) introduced in Europe
The Columbian Exchange
• Long-term:
– Spread of items (corn, horses) worldwide
– Population growth worldwide
– Exchange of ideas, technology, arts
– Growth of capitalism
– Population migration from Europe to the Americas
New Economic Policy
• Tariffs
– Taxes on imported goods—high for colonies
• Mercantilism
– aimed to strengthen the economies of European
nations at the expense of other areas
– Must export more than you import
– Colonies existed for the benefit of the mother country
(Colonists could not trade with anyone other than the
mother country)
– Can you think of an example of mercantilism?
The Commercial Revolution
• Inflation
– rise in prices of everyday goods due to the increase in
population and increase in demand for goods
• Good or bad?
• Happens in colonies and their mother nations
• Growth of capitalism
– Investment of money to make a profit
– Increase in the number of entrepreneurs
– Joint-stock company—funding for overseas ventures
• Commercial Revolution:
– Shift in which new markets developed; saw the
beginning of a transition from mercantilism to
capitalism
Looking Ahead
• 1. Voyages of Exploration = beginning of
European domination
• 2. New exposure to culture, food, art, etc.
• 3. Huge economic success for Western
European nations
• 4. Cause of conflict between European nations
and each other/rest of the world
Q1 Review Game:
• Step 1: Pack everything up except something
to write with. Bags should be moved to the
front of the back of the room.
• Step 2: Desks need to be moved into 6 groups
of 5 desks. No desks in any group of desks can
have a person’s back facing the front of the
room.
Q1 Review Game:
• Step 3: On the Word document projected, find
your group. Your group will sit together at one
pod of desks.
• Step 4: Once I hand out the Q1 Review Packet,
write your name, your group color, and your
number within that group on the top of the
packet.