GEOG 216 Lecture Notes - Lecture 8: Economic Nationalism, Mercantilism, Unbridled
4 Oct 2018
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Document Summary
Europe: peasants are the ones who are asked to contribute in cash so they need to sell their stuff. Innovation in agriculture (crop rotation, development of deep plow) lead to growth rate of population and the expansion in markets as well as the newfound increase in interest in far away trade. Indian ocean: spain then wanted to go explore as well after the unification of spain after the. Idea that you needed to hold onto as much gold and silver as possible. Trade is expansive, driven by credit, driven by profit: monarchs and traders were benefit together. Trade was a 0 sum game gold and silver was the scope. By the 1800s mercantilism comes to an end. It ended and there was more trade that started growing: change the way that trade is gone, mercantile area is fraught with conflict , political one- monarchs were getting overthrown, middle class starts to emerge and becomes larger.
