Preview

American Colonies In The 17th Century

Good Essays
Open Document
Open Document
526 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
American Colonies In The 17th Century
In the 17th Century, as France established a colonial empire in the Western Hemisphere, they soon learned the profitable ventures they could soon enjoy. France founded colonies in much of eastern North America, on a number of Caribbean islands, and in South America. Most colonies were developed to export products such as fish, sugar, and furs, selling them for profit to others in Europe. The European relations with the native peoples of the Northeast were characterized by a confusing and shifting labyrinth of commercial, diplomatic, and military alliances. On the part of the Indians, these alliances were often forged or given new life by preexisting tribal rivalries, while the Europeans’ motives were frequently fueled by Old World wars and disputes. The first attempts at French settlement and trade in the St. Lawrence Valley were largely failures, and it was not until Champlain arrived in 1608 that France’s foothold in the “new world” began to really take shape. In contrast, the Dutch and English arrived much sooner to North America setting up successful permanent colonies. As the colonies and economic footholds grew and competed for dominance, the Iroquois Confederacy had seriously depleted the furs in their own territory, while the …show more content…
OPEC, otherwise known as Organization of the Petroleum Exporting Countries, As of 2016 contains 14 members which account 44 percent of global oil production and 73 percent of the world's "proven" oil reserves, giving them a major influence on global oil prices. OPEC’s financial strength over the international community is clearly shown through the oil spikes during the 1970s. OPEC’s restrictions on oil production led to a dramatic rise in oil prices and OPEC's revenue and wealth, with long-lasting and far-reaching consequences for the global economy. I hope that these basic economic policies could be used for my benefit from this

You May Also Find These Documents Helpful

  • Good Essays

    Midterm 1 Study Guide

    • 4420 Words
    • 17 Pages

    Overview: Indians began trading fur (especially beaver fur) to French fishermen in the 1500’s. The fur got back to Europe and became incredibly popular. The prospective wealth of fur profits in the new world attracted many Europeans to North America. Fur trading tensions were partially responsible for the French and Indian War in 1754 as well as establishing the US and Canadian borders. The fur trade is responsible for a great portion of the developments of both British and French empires in North America. Declined in late 1700’s/early 1800’s due to land clearing and fur animals eventually becoming scarce.…

    • 4420 Words
    • 17 Pages
    Good Essays
  • Good Essays

    Montagnais and other Algonkian would try and wait to find a better trade for their fur. The Indigenous people were spending their time to hunt fur for the Europeans, and they were trading with the Europeans for food than gathering for themselves. ”In 1604 Samuel confirmed French claims to the region. Champlain would be called, The Father of New France.”…

    • 442 Words
    • 2 Pages
    Good Essays
  • Good Essays

    American Colonies Dbq

    • 1165 Words
    • 5 Pages

    During the late 1600’s and early 1700’s things like migration of many immigrants to the colonies in search of economic, religious and political burgeoning and freedom. When they arrived some came to the south, some in the middle and some in the north. When the people landed in the north near MA colony they were out of the charters jurisdiction so they created a temporary gov. like agreement called the Mayflower Compact which in a way was like an attempt to break from the mother country and sort of make their own identity. They colonist started to develop a sense of their identity and unity as Americans as the revolution neared because of British imposed stuff. Along with that each section of colonies, south, middle, and north, all developed…

    • 1165 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The Massacre in El Mozote

    • 821 Words
    • 4 Pages

    The Organization of the Petroleum Producing Countries (OPEC) is an intergovernmental organisation (Mouawad 2010). It was created on September 14 1960 in Baghdad, Iraq. It has twelve members. The main objective for this organisation is to unify and coordinate petroleum policies among the member countries. As Mills (2008) explains, OPEC has other various roles that it ranging from technology, price control, economic growth and empowerment, ensuring stability in oil revenue for its member states and importantly, to provide a reliable, regular, economical and efficient supply of oil and oil products to consuming countries. OPEC also seeks to ensure and maintain stable and return to investors in the oil industry. It carries out this functions and role through establishment of oil policies for its member countries. The mandate of OPEC is centered on aforementioned roles.…

    • 821 Words
    • 4 Pages
    Good Essays
  • Best Essays

    The Organization of Petroleum Exporting Countries (OPEC) , is a permanent intergovernmental Organization, created at the Baghdad Conference on September 14 th, 1960, consisting of the world's major oil-exporting nations. It was founded to coordinate and unify the petroleum policies of its members, to serve as a platform for oil producers to achieve their economic objectives by limiting supplies in the hope of keeping prices and profits high. OPEC's influence on the market is undeniable. Because its member countries hold the vast majority of crude oil reserves (about 80%) and nearly half of natural gas reserves in the world, the organization has considerable power politically and economically. Research shows that OPEC is getting weaker, due to competition of Non-OPEC oil producers and the emerging alternative energies that are likely to blossom in the years to come due to rising crude oil prices.…

    • 1785 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Oil Embargo

    • 1590 Words
    • 7 Pages

    OPEC’s formation by five oil-producing developing countries in Baghdad in September 1960 occurred at a time of transition in the international economic and political landscape, with extensive decolonization and the birth of many new independent states in the developing world. In 1973, the U.S. and the Western world were in the midst of an inflationary spiral. The world had become highly vulnerable to commodity cartels, as twenty years of prosperity and accelerating population growth had created heavy demand for raw…

    • 1590 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Opec

    • 1266 Words
    • 6 Pages

    OPEC, The Organisation of the Petroleum Exporting Countries, is a name that has become synonymous with the worldwide petroleum market. But what does it do, who is involved and how important is OPEC to our day-to-day lives? This article aims to answer these basic questions in a clear and concise fashion.…

    • 1266 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    In current scenario there is one section in economy which is really hot and boiling and it is oil sector. With crude oil at $146 per barrel and raring to cross $200 per barrel this sector is suddenly giving sleepless nights to all the major economies of the world & suddenly going down to close to $47 overnight, it also showed that this particular sector is also quite unpredictable in nature. It is also responsible for increase in inflation throughout the world. The major oil consumers are US and China with India at sixth position the irony is that none of these countries is major producer of oil so they have to rely on other countries like OPEC, Russia for their needs. OPEC (organization of petroleum exporting countries) has 11 member countries and they together account for 40% of total oil production in the world and they have the market share of around 78% in potential crude reserves. As OPEC is the largest exporter of oil so it directly impacts the price of crude oil in the market. The whole oil sector is divided in to two categories…

    • 2684 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    OPEC essay

    • 1110 Words
    • 5 Pages

    More than three-quarters of the world's proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 72 per cent of the OPEC total. The objective of the OPEC is to coordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; to ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consuming nations; a steady income to producers and a fair return on capital to those investing in the petroleum industry.…

    • 1110 Words
    • 5 Pages
    Good Essays
  • Good Essays

    One of the factors that control the price of oil is the artificial amount of oil supply that is managed by OPEC nations. The OPEC cartel is an intergovernmental organization of 12 oil-producing countries, which possess up to 75% of the world’s proven oil reserves. Saudi Arabia joined the cartel in order to maintain economic stability so they can support their own development projects. It was created in the 1970’s, which is the same time Saudi Arabia was able to develop a more sound economic system. Throughout OPEC’s history, member countries have attempted to control the supply of oil in order to maintain a higher market price for oil. Saudi Arabia, as the largest influencer of the cartel, has been a strong…

    • 1735 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    The beginning of this paper discusses what OPEC is, what it does, and why it is good or bad. Also it will begin to discuss the price of oil in the global oil market but mostly in our nation's economy: who, what, when, where, why, how.…

    • 3775 Words
    • 16 Pages
    Powerful Essays
  • Better Essays

    The Effectiveness of OPEC

    • 1877 Words
    • 8 Pages

    In the wake of the technological age we live in, most of our daily activities consist of the usage of oil as a form of energy. This means from an economic standpoint that the demand in the market for oil is highly inelastic. This gives oil producers high incentive to produce so they can achieve large profits. Unfortunately supply for this industry is also inelastic and due to the nature of oil as a natural resource there is a limit to how much producers can produce. Due to its worldwide need, the exporting and production of oil is done at a worldwide level. Hence suppliers in the oil industry are the countries themselves, which creates an oligopoly. Oligopoly's are known for having kinked demand curves meaning that when left to the free market competitors will keep undercutting each other until neither are making the large revenue's they projected when they entered. It is at this point that OPEC, the organization for petroleum exporting countries steps in. Using strategy following game theory they control supply so that they can maintain prices at a level where member countries of OPEC can increase their individual revenue as a group. In the short term, OPEC's pricing policies increase revenue for its member countries, protect and maintain the price of oil, and reduce the rate of depletion of oil reserves. In the long term however OPEC's pricing policies lead to a decrease in world market share as non-OPEC producers increase production of oil. This seems to lead to a point where OPEC's policies will become less and less effective in controlling the market price of oil.…

    • 1877 Words
    • 8 Pages
    Better Essays
  • Better Essays

    OPEC accounts for about 40% of the world’s oil production with Saudi Arabia, responsible for 13% of the world’s supply. This makes the organization the most influential actor on the oil…

    • 1224 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Global Oil Crisis

    • 1500 Words
    • 6 Pages

    Crude oil is one of the fundamental energy sources used by man. Oil is the main energy source to run the daily transportation, factories and make electricity. In view of this, energy sources have a worldwide demand in the global market. Every nation’s lifestyle and economy is still dependent on exports as a source of revenue. To influence the price of crude oil and get rid of unnecessary fluctuations in the international market, one of the international organizations was form which is calling OPEC (Organization of Petroleum Exporting Countries). OPEC is alliance of thirteen nations that control over fifty percent of the world oil and natural gas export. OPEC members are Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Algeria, Indonesia, Qatar, Nigeria, Libya, United Arab Emirates, Angola and Ecuador. Therefore, OPEC has a strong influence on the international market, especially when it makes a decision either to reduce or increase its oil production in the oil market.…

    • 1500 Words
    • 6 Pages
    Good Essays
  • Good Essays

    International leadership and worldwide cooperation have made great achievements in the protection of global environment. One of the best examples is OPEC. OPEC, the Organization of Petroleum Exporting Countries, is an international organization of eleven developing countries that are heavily depended on oil revenues as their main sources of income. Since oil revenues are vital to the economics development of these nations, they aim to bring stability and harmony to the oil market by adjusting their oil output to make sure a balance between supply and demand. In the long run, this stability and harmony help to cease the problem of over-refining and over utilization of precious oil energy.…

    • 471 Words
    • 2 Pages
    Good Essays