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Lecture

Week 7.docx

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Department
History
Course Code
HIST 124
Professor
Steven J Maynard

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Week 7- Merchant Capital and the Empires of Fish and Fur 22 October, 2012 I. Meet Marie-Joanne and Charles Renaut -to be given to Charles Renaut st the habitation of Scatterie on Cape Breton -written by Marie-Joanne Renaut, been left alone in her village by her husband to fish in the Grand Banks (maritimes) -to Louisburg -> Scatterie-> voyaged to New World to take part in the great merchant empire -every spring he’d go to fish until the fall and do it over again -he went over to fish but decided not to come back this year -“Nothing has gone right since you’ve been gone” II. The Four Great Social Formations in Canadian History: A Recap -Native social formation -seigneurial social formation -history of the present: look at the present, then work our way forward through history to find out how things came to be the way they are -not following a linear timeline, social formations overlap, events overlap III. The Merchant Capital Social Formation: Historical Background -merchant empires emerged as product of two big historical influences -rise of the merchant, absolutist state -Europe completes economic transformation that will affect the world, before this seems like unlikely spot for world domination, lacked in technology and science A. Hybrid Social Formation -simultaneously premodern and modern -conservative impulses and revolutionary impulses B. The Rise of the European Merchant -if towns in medieval Europe were their own self-governing bodies, and you lived in that town, you weren’t governed by other government, merchants could organize themselves by their own interests -highly ambiguous, one hand merchants starting to think in terms of possessive individualism (modern) beginning to think of maximizing profits for themselves (modern too), at same time merchants didn’t revolutionize means of production, no new way of making stuff (use existing ways of producing) made use of kin ordered social formation -rather than introducing new way of making stuff, merchants were more interested in trade -wanted control over trade, more trade you can set terms for, more power you have to set the terms in your favour -detested competition -wanted monopolies, try to get it from the state: C. The Absolutist State -feudalism entering its last stages -peasants starting to revolt -to protect themselves, come up with absolutism (absolute control over the state) -put peasants down, can’t put merchants down so they try to appease them by giving them monopolies D. Chartered Trading Companies and Monopolies -East India Company and West African Company -greed, money, fish and fur were motives E. Age of the Merchant-Explorers -spirit of independence and adventure -effort to flee absolutism led to strange things, colonizing Sable Island -grant rights to companies of adventurers -romanticized, brave explorers -greed, money, fish and fur were motives -looked for riches here, Canada drawn into global trade exchange network F. Triangular Trading Links and a World Economy -direct connection between English fisher and black woman in Africa and plantation workforce in West Indies North America (Raw materials)>> England (Manufactured)>> Africa (Slaves)>> North America -slave trade makes the triangle move -created need for slaves on plantation to be fed cheaply -enter fishers of NFL who supplied dried cod -trade links lasted over 300 years G. Merchants + Absolutism = Mercantilism -tariffs set to encourage trade of raw materials -foreign manufacturers strictly prohibited from home market -colonies should be sources of raw materials but also provide the market for manufactured goods IV. Features of the Merchant Capital Social Formations V. The Beaver in Canadian History, or the Empire of Fur -10,000,000 bea
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