What were the various aspects of the new Atlantic economy? Explain how each aspect was necessary for the economy's success
What will be an ideal response?
ANSWER:
As the chapter opener states, slave ships like the Hannibal, though they did not always turn a profit, were an important part of the Atlantic trade network. However, students should recognize that slavery was only one part of the Atlantic economy. The Atlantic system comprised many things that are discussed throughout the chapter. Students should discuss the importance of the capitalist and mercantile systems and the new partnership between government and individual private investors. Also, they should discuss how African and European merchants and elites formed a working economic relationship. Finally, the decision to grow a single cash crop on a plantation gave rise to the Atlantic slave trade and allowed European traders to participate in the global marketplace more effectively and profitably.
You might also like to view...
What was the key reason the Dutch were able to maintain a vast overseas empire?
A) They were considered the Master of the Seas. B) They set-up and maintained colonial possession throughout the world. C) They had a large urban population able to support exploration. D) They created a private firm chartered by the government to control the monopoly on the Pacific Ocean trade. E) They were a satellite of the Spanish with access to the vast Spanish Armada to protect their trade routes.
The first Crusade was a response to the expansion of what Muslim state into Byzantine territory?
a. Fatimids b. Seljuk Turks c. Kurds d. Umayyads e. Abbasids
Which of the following is NOT significant to the decline of the Yuan dynasty?
A) famine and disease B) oppressive taxation C) Mongol control of government D) lack of military discipline E) climate change
Babur
What will be an ideal response?