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The Age of Exploration: European Claims in North America and the Rise of Capitalism

The late 15th to early 17th centuries marked a pivotal era of exploration in North America, with figures like John Cabot claiming territories for England in 1497 and Giovanni da Verrazzano sailing for France in 1524. Explorers ventured from the coasts of North Carolina to Canada while facing fierce resistance from indigenous peoples. The Dutch under Henry Hudson sought a Northwest Passage in 1609, leading to claims over vital waterways. This period dramatically shifted commerce, with the rise of mercantilism and capitalism, influencing trade dynamics and the flow of goods and resources into Europe.

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The Age of Exploration: European Claims in North America and the Rise of Capitalism

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Presentation Transcript

  1. Ch32 pt 3

  2. Europe in NA • England—John Cabot—1497 • Discover Canada—claims for England • France—Giovainin de Verezano—1524 • Explorers from North Carolina to Canada • Claims for France • Killed and eaten by natives

  3. Europe in NA (Con’t) • Netherlands—Henry Hudson—1609 • Find NW Passage • Water route to Asia w/o going in Spanish Area • Hudson River • Hudson Bay—Canada • Crew puts him, son and few loyal crew in boat on icy bay

  4. Impact • Not interested in colonies right away • Set up trading posts • Sea Dogs—raid Spanish ports and ships for gold • Francis Drake

  5. King Philip 2nd • Sends Spanish Armada • Armada is defeated by English • Power shifts to England and Netherlands

  6. Impact on Commerce • More goods, raw material and precious metals enter Europe • Capitalism—invest money for profit • Shared ownership • Reinvest profits in more trips • Prices not set—depends on supply and demand

  7. Mercantilism • Control trade and establish colonies • Buy raw material from colonies • Make finished products-finished products to colonies and other countries

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