The Story of All of Us Episode 7 Treasure

KEY Mankind: The Story of All of Us Sir Francis Drake & the Effects of Silver Episode 7: “Treasure” 00:00 – 13:02 1. What strategy did Sir Francis Drake use to raid Spanish shipping?  Deception – he pretended to be a Spanish vessel.  He attacked from close quarters to destroy the Cacafuego’s mainmast and seize the ship whole. 2. Potosi was a mountain with a large amount of silver in it. Once the high–grade silver was mined, how did Bartolomeu Medina refine the rest of it?  They used a chemical formula that involved mercury.  He mixed in copper sulfate to the formula that had worked in Europe. 3. What did the Spanish create out of the silver at Potosi?  Pesos de Ocho (pieces of eight) – silver coins Amsterdam & the Tulip Boom 13:02 – 21:17 4. Name at least one example of how Amsterdam dominated economically.  Riches of the Americas and the explosion of global trade.  The Dutch control over ½ the world’s shipping  More new millionaires than anyone else on earth.  Highest per capita income of anywhere in Europe. 5. The rarity of tulips led to the birth of speculation – the birth of the futures markets. From the description in the video, what is a futures market?  You buy things before they are available – for example, you purchase a crop before its harvest season comes. 6. Dr. Santhi Hejeebu said, “Everything about financial markets is about timing. The time you enter a contract and the timing you get out.” What does this mean?  If you buy and sell at the right time you can make a fortune. If you don’t, you can lose everything. 7. How did Jan van Goyen pay off the debt he acquired from tulip speculation?  He painted, becoming one of the Netherland’s greatest artists. The Pilgrims 21:17 – 31:02 8. Why did the Pilgrims bury their dead at first light (first thing in the morning)?  to hide their dwindling numbers of the Wabenaki 9. Why were the Pilgrims shocked when they had their first meeting with a member of the Wabenaki tribe (Samoset)?  He greeted them in their own language. 10. How did Squanto help the Pilgrims survive?  He brokered friendships/alliances. He taught them how to grow crops in the poor soil by using fish as fertilizer. He also taught them about corn (maize). Nzinga Mbande & the Slave Trade 31:31 – 37:23 11. What did the Portuguese want from Nzinga?  They wanted her territory and to enslave her people (to work the sugar plantations of the New World). 12. Besides the Portuguese, who captured African slaves?  Queen Nzinga herself, and other African monarchs.  The African Elite Shah Jahan & the Taj Mahal 37:50 – 44:12 13. How did trade with the New World change India?  Gave them a trading currency so they could buy more expensive Asian goods. 40:20–40:30 – blood spatter from beheading 14. Why was the Taj Mahal built?  Mumtaz Mahal, Shah Jahan’s favorite wife, died in childbirth. The Taj Mahal was built as a monument to her. 15. Charles Mann: “That kind of globalization that we’re in now, where bank collapses in Iceland can ripple across the American Midwest. That all begins in the 16th century and it begins with the creation of this universal currency.” Give one example of how the creation of this universal currency affected a nation or people.  Led to piracy – Sir Francis Drake  Made Amsterdam extremely wealthy.  Led to futures trading in commodities like tulips.  Increased the demand for luxuries like sugar.  Increased the slave trade.  Led to migration (voluntary and involuntary).  Led to the creation of massive buildings dedicated to or reflective of commerce. 