ECON 2720 Lecture 1: Business History Part 1
16 Apr 2018
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The bronze age (tin + copper = bronze) Why the collapse and why the transition to iron age. King tut: had a iron blade in tomb, iron was from meteor during bronze age iron was not superior to bronze. Eventually learned how to properly smelt iron with perfect carbon content. Disruption of 1300 bc, trade routes broke down (bronze age ended: tin imports slowed down so people began to recycle (afghan war, bronze shortage and quality diminished, price increased, want a substitute for bronze, so iron. A resource scarcity, tin was used to make bronze so without industry fell apart. Eventually an proved way to smelt iron driven by scarcity (england scarcity of wood, 1700 ad) Same exact thing in china way before ^ 1000bc iron age begins, mediterranean sea is safe again. Phoenicians known as slick trader, not liked by others. Improve navigation and sailing skills they were the first to sail diagonally across med.
