The Age Of Exploration

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Storyboard Description

Mercantilism Imperialism Historical Globalization Capitalization Grand Exchange

Storyboard Text

  • Mercantilism is a trade to generate wealth while maintaining a profitable trade balance.
  • The American colonies participating in mercantilism felt as if they only existed to serve the interest of Britain. It seemed that the British were abusing their power over the colonies.
  • Imperialism is a nations domination over another country's economic, political and cultural institutions.
  • Imperialism causes the breakdown of the previous cultures and lifestyles that natives had followed. Imperialism causes the stronger countries to increase their own wealth and power.
  • Grand Exchange is a trading system for players to buy and sell almost all tradable items.
  • Some countries will just be enslaved to provide materials and trading goods to the trading corporations.
  • Capitalism is an economic system that advocates free trade, competition, and choice as a means of achieving prosperity.
  • Inequality, the benefits of capitalism are rarely equitably distributed. The demand of luxury goods is often limited to a small % of the workforce.
  • Historical Globalization is a period in time that is often identified as the beginning in 1492 and ending when the United States and the Soviet Union emerged as superpowers after World War II.
  • Most trade items were imported luxuries , such as fine sewing needles for First Peoples and beaver furs to make hats for fashionable Londoners. These luxury goods did not sustainably change societies.
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