Mercantilsm/Colombian Exchange

Capitalism & The Internet

Mercantilsm

Mercantilism

Profitable trading; commercialism.

Mercantilism is economic nationalism for the purpose of building a wealthy and powerful state. This system dominated Western European economic thought and policies from the sixteenth to the late eighteenth centuries. The goal of these policies was, supposedly, to achieve a “favorable” balance of trade that would bring gold and silver into the country and also to maintain domestic employment.The econominac theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

Capitalism

Capitalism

An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve ‘the common good.’ It is true that capitalism does—if that catch-phrase has any meaning—but this is merely a secondary consequence. The moral justification of capitalism lies in the fact that it is the only system consonant with man’s rational nature, that it protects man’s survival qua man, and that its ruling principle is: justice.

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Colombian Exchange

What is the Columbian Exchange? The Columbian Exchange is the term used to describe the flow of ideas, people, plants animals, technology, and disease that took place because of Columbus' discovery of the New World. The starting point of the Columbian Exchange is 1492.



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Internet

The global communication network that allows almost all computers worldwide to connect and exchange information. Some of the early impetus for such a network came from the U.S. government network Arpanet, starting in the 1960s. Helped us make trading more advanced threw sites like eBay.
Coding 101 Coming to TWiT

Pros/Cons Of Internet

Pros

  • Many many places to make trades
  • Keeps advancing Daily
  • Keeps Everyone in Touch
Cons

  • Many Hackers
  • Cant always be dependable
  • Bullying

Pros/Cons of Colombian Exchange

Pros

  • Easy way to be get things you need
  • Helped increase food production
Cons

  • Diseased traveled fast

Pros/Cons of Mercantilism

Pros

  • Encourages Trade
  • Reduces Unemployment rates
Cons

  • Risk of bad Stuff
  • Quite insignificant

Pros/Cons of Capitalism

Pros

  • Economic freedom helps political freedom
  • Economic growth
Cons

  • Private Owner ships
  • Inequality