HIST111 Lecture Notes - Lecture 3: Price Revolution, Tabula Rasa, Mercantilism
31 Mar 2016
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European expansion initially, african west coast was used to set up way stations to increase opportunity of trade original sailed for gold, spices, and to cut off muslims. Colombus had spanish sailors with him tradition of conquistadores - spanish catholicism tries to cut off. Economic impact mostly local european trade over settled areas. Dutch prosperity came from wheat, cheese, salt instead of from its best colony, modern indonesia. Perspective: the truth is provisional, thus data is disagreed upon import of silver from potos , columbia. 45k workers increased to 106k mercury needed to extract silver, thus decreasing life expectancy of its europe. Spanish sends most silver to china and manila, philippines when sent to europe, in ation occurs. Price revolution: wheat increased 400% to 600% middle classes bene ts from this as their debt ultimately decreases landlords and nobles suffer from value of rent decreasing lower class suffers from increased value of bread.
