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Ch 32 pt 3. 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. Europe in NA ( Con’t ). Netherlands—Henry Hudson—1609 Find NW Passage
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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
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
Impact • Not interested in colonies right away • Set up trading posts • Sea Dogs—raid Spanish ports and ships for gold • Francis Drake
King Philip 2nd • Sends Spanish Armada • Armada is defeated by English • Power shifts to England and Netherlands
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
Mercantilism • Control trade and establish colonies • Buy raw material from colonies • Make finished products-finished products to colonies and other countries