Chapter+7+sec.+32

Ch. 7 sec. 32

Online Resource Anastasia Clayton [|Slave Trade]

Graphic Organizer Rachel Hollinger

This is a logo of the British East India __#|Trading__ Company

This is a __#|picture of__ a sugar plantation Thomas "Diamond" Pitt

Jean-Joseph Laborde

Danetta Important People

bourgeois- the families that were enriched by commerce, "new money"

aristocratic- the familes that have had money passed down through the generations, the families with titles

Thomas "Diamond" Pitt- english man born in 1653, went to india did illegal __#|business__ there and after many years of trail and error. he moved his way up in the social classes. in 1702 he purchased a 410 carat diamond from an indian merchant, later sold the diamond to france for 135,000 and it was placed in the french crown. after his death the city of pittsburgh was named in his honor.

Jean-Joseph Laborde- born in 1724, from a bourgeois family in france. he built up vast plantations and slave holdings in santo domingo. he became one of the leading bankers in paris. he was sent by the government to try and obtain a __#|loan__ from spain during the 7 years war. he raised most of the money need during the american revolution, and he financed the french insurrection which led to the french revolution. his son wrote the french constitution.

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Questions Nick Lapiana

How did the global economy expand in the 18th century? - The industrial revolution and the slave trade caused the global economy to expand.

Why did Europe become the wealthiest region of the world in the 18th century? - The industrial revolution began in England in the 1760s and didnt explode until the 1800s. Commercial capitalism and the handicraft industry also helped.

What were the social consequences of this increase in wealth? - Most new wealth was privately owned and governments depended more on taxes and __#|loans__ from the people. The gap between rich and poor also widened with the middle class living better but the poor worse off than before.

Graphic Organizer Tara

International Trade was very important and it alone created the greatest fortunes. It was also one of the causes of war and international rivalry.

Thomas "Diamond" Pitt He traveled to India and starting trading in defiance to the East India Company. He was so successful that the company took him in as their own. He also is the reason Pittsburgh got its name. YAY!!! :)

Vocab Jake Seagriff East India Trading Co.- a company that had trade routes all over the world

Triangle trade- the trade that took place between England the Caribbean and Africa. The English got cotton, sugar, and molasses from the Caribbean, Africa got manufactured goods from England and the Caribbean got slaves and manufactured goods from England and Africa

Michael Childs Questions:

1. Why was foreign trade so important on grounds of establishing a signifigant factor the expand of the 18th century economy? Due to the foreign trade being needed for the largest buisness enterprises as well as creating the greatest commercial fortunes and the main accumulations of new capital. It was also the foreign trade that led to international rivarly and war.

2. Mention some of the leading demands of the 18th century and which areas prived on them. Europeans wanted the spices Asia had including, pepper, ginger, and cinammon. The basis off the American traded thrived off of sugar.

3. Which country provided the benefits to making Europes economy flourish in the 18th century and how? Not just one but many countries ultimately helped. The Americas provided natural resources, the people and gold from Africa, the labor provided by the enslaved workers on the Carribean Islands, and the resources and manufacturing skills of Asia.

Jacob McClarnon people bourgeois - people that are newly rich aristocratic - wealthy family though generations Thomas "Diamond" Pitt - He at first came into conflict with the British East India Company, however this was settled and the company appointed him governor of Fort St. George , Madras. Jean-Joseph Laborde - Brought sugar to europe and traded with american colonies for tropical fruit and slaves.leading banker in paris.