Period 4: 2: Poverty and Prosperity How has capitalism developed as an economic system? PP-1: Explain how and why wealth generated from new trading, financial, & manufacturing practices & institutions created a market and then a consumer economy. Period 1: Period 2: 1648 1815 How did Market economy - mercantilism new ideas of free develop? trade and free Exploration of the market Americas and the resulting in Colombian Banking exchange of goods between the Americas, companies Europe, and Adam Africa brought Smith- new wealth and The materials to Wealth of Europe. Nations - European Capitalist Countries economy sought European colonies dominated overseas worldwide to obtain economy raw European materials countries that were had then colonies processed all over into the world, usable #1 traders goods in Art and literature the ruling reflected the country values of and then commercial sold for society (Dutch profit Golden Age Art)
Period 4: 2: Poverty and Prosperity How has capitalism developed as an economic system? PP-1: Explain how and why wealth generated from new trading, financial, & manufacturing practices & institutions created a market and then a consumer economy. Period 1: How did mercantilism develop? Exploration of the Americas and the resulting Colombian exchange of goods between the Americas, Europe, and Africa brought new wealth and materials to Europe. European Countries sought colonies overseas to obtain raw materials that were then processed into usable goods in the ruling country and then sold for profit Period 2: Market economy - new ideas of free trade and free market in Banking companies Adam Smith- The Wealth of Nations - Capitalist economy European dominated worldwide economy European countries had colonies all over the world, #1 traders Art and literature reflected the values of commercial society (Dutch Golden Age Art) 1815 1648