GEOG 216 Lecture Notes - Lecture 9: Immigration, Free Trade, Stapes
17 Jan 2018
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Document Summary
The 19th trade boom era where eco dvped. Free trade: under mercantilism trade was a zero-sum game: any gain by one for manufacturing and trade currency to stimulate trade. Transport and communication movement of information (by telegraph cables to communicate much faster) party required a loss by another. Uk opened trade by liberalization but also imposed free trade on his colonies and trading partners including china. Industrial revolution: tremendous innovation in industry: telegraph >important. Gold standard: many countries adopted the gold standard emergence of global. Peace: era of peace less conflicts/wars that normally affect trade. Leading to rising incomes in europe increase in the demand for staples and new. Movement out of mercantilism (18th c) to era of liberal trade (19th c) Ex of circuit of trade: atlantic trade triangle (17th c) Raw materials and stapes tastes for food + prestige items. Era of discovery from an era of conquest from an era of colonialism.
