Economy
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Restate the prompt
Answer the prompt with a debatable position
Use the word because
Develop a line of historical
Dutch Empire
Established colonies in the Caribbean, Brazil, and North America
Slave trade: Use enslaved Africans to work in the sugar plantations of the Caribbean and South America
Dutch West India Company
Dutch traders established colonies via the Dutch West India Company (DWIC)
1624 Dutch West India Company settled colonists on Manhattan Island- what would become New York City
Monopoly: The DWIC was granted exclusive control (monopoly) over Dutch trade in the Atlantic
Dwic is part of a joint stock company where financial resources are pooled and the risk is shared for tricky maritime voyages.
This is central to the development of capitalism
Historical development
The influx of wealth from the Columbian exchange hastened the end of feudalism in Europe and replaced it with capitalism
Capitalism economic system based on private ownership in the free and open exchange of goods based on supply and demand the goal is to make a profit
Mercantilism
Early capitalism was financed by a mercantilist economy
- Mercantilism: 15th -18th-century European economic policy colonies existed to benefit the parent country economically.
- Colonies were used to maximize exports and minimize imports by drawing raw materials from the colonies and selling them back as finished goods.
Mercantilism aimed to increase a country's wealth and power by maintaining a favorable balance of trade, which meant having more exports than imports.
- Government Regulation
- Cheap raw materials & cheap labor = maximum outputs
Dutch Religious Toleration
The Dutch Republic was known for its relative religious tolerance compared to other European nations.
Diversity: Calvinists, Catholics, Jews, and other religious groups coexisted in Dutch territories.
Dutch religious tolerance attracted a variety of settlers, fostering a more diverse colonial society.
French Empire
Fur trade was central to French and Dutch colonial economy.
Impact on Natives:
- Poor soil, lacked the need for native labor/land
- Requires trade and military alliances with Native Americans
Results in more humane treatment of natives and thus natives have more control than in Spanish outposts.