Are you planning on moving away once you are an adult? Where would you like to go? Why? SWBAT: List and describe the foundations of European Exploration Define • • • • • Commercial Revolution Subsidies Galleys joint stock company tariffs • Mapmaking improved due the goal of pictorial accuracy. • New maps emphasized that the world was round and Africa and Asia were added with increased detail. • Inspired by new maps, daring sea captains began to set out to new areas across the Atlantic. • The goal was to find a quicker route from Europe to Asia. • Compass and Astrolabe • Improvements also made to ships to make them sail against the wind, to travel quickly and to be steered more accurately. • Improved ways of doing business- using money and increased banking services. • During the 1400s a standardization of money occurred, coins were given fixed values. • New shipments of gold and silver from the New World increased supplies needed by European monarchs. • Joint-stock companies created . Owners would sell shares to investors, thus making them co-owners. • New exploration was often spurred on by rivalries between competing countries. • Gaining riches and colonies = POWER • Mercantilism= a country’s gov. must make as much money as possible. • Favorable balance of trade = selling more goods than what was imported in. • Get colonies- metals, raw materials, manufactured goods. • Population increased after 1500. Harsh living conditions prompted some to want to live a better life. • Adventure, possible wealth, fame served as a catalyst. • Escape religious or political persecution. Motives for European Exploration 1. Crusades by-pass intermediaries to get to Asia. Muslim Control Routes. 2. Renaissance curiosity about other lands and peoples. 3. Reformation refugees & missionaries. 4. Monarchs seeking new sources of revenue. 5. Technological advances. 6. Fame and fortune. Foundations of Exploration Review Questions: 1. Describe the improvements in navigational aids & ship construction that made long range exploration possible? 2. What role did colonies play in mercantilism? 3. How would Mercantilism cause international tension to grow?