2. French colonization ✅ Flashcards
What is Mercantilism?
The theory of how the French practiced getting more rich.
Why did the country want more wealth?
All coins in France were literally made from precious metals like gold and silver.
What were mercantilist states?
States that practiced the theory of mercantilism.
What were the role of colonies in France and New France?
Colonists in France were sent to New France to set up colonies there and provide France with natural resources like fur. These resources were transported to France where they were processed and turned into goods. All goods were then sold on European markets. All gold accumulated by the sale of the goods were returned to France. France then acquired precious metals. Processed resources were sent to New France from France so they could live.
Why weren’t the resources processed in New France?
It was too expensive to be processed there.
What two colonies were established?
Trading post colonies and settlement colonies.
Why was a trading post put in specific spots?
They put it in a convient spot so that trading would be efficient for both nations trading with each other.
What was the trading post used for?
To trade raw materials.
When were the trading posts occupied?
They were occupied on a temporary basis, mostly during the spring and summer.
Why were settlement colonies established?
To establish a place that was rich in natural resources, to show power to the Native Peoples, to be a gesture to European countries, to exploit raw materials and settle colonists.
How often were Europeans settled there?
They were permanently settled there and formed an organized society.
Why were the colonies near water?
So that ships were able to bring supplies.
What is monopoly?
The exclusive right to exploit a resource by a merchant or company on the kings behalf.
What monopoly was established?
The King Henri IV of France saw the need to establish a colony in New France in order to profit from the booming of the fur trade. He granted merchants a monopoly on the fur trade.
What were the relations between the King and merchants and companies?
The king needed colonists to settle and occupy New France in order to exploit its resources. Merchants and companies were looking for new ways to profit from trade. The king granted them a monopoly on the fur trade. Merchants promised to bring colonists to new france to populate the colony.