HIST 1112 Lecture Notes - Lecture 3: Red Seal Ships, King James Version, East India Company
Document Summary
Large cities and consumer societies changed ways of life. Fast development of science: the rise of merchants - from port cities to corporations. Even before the mongols, song dynasty china was the most urbanized and commercial society in the world (marco polo"s stories). Merchants in china were often thought of as the lowest class because they based class on land ownership. Zheng he led chinese ships to africa gave more gifts than they received . Silver tael for international trade and copper cash for everyday. Spanish and protuguese trading operations casas under control of the king. Corporation initially referred to cities - the corporation of london. They used a mix of start charters and stock markets to fund companies and this is where the idea of private investors came from. State support of these private companies gave them much more success than merchants in asia, the middle east, italy and germany. (english and dutch east india companies)
