GEOG 121 Lecture Notes - Lecture 17: Majapahit, Fugger, W. M. Keck Observatory
Document Summary
Wallerstein: 16th century > creation of the world industry, also argues that it was the beg capital. Brenner: he believed industrialization only started during the 18th century and what was b considered mercantilism (a system of trade), not capitalism. Forms of capital (the different activities people engage in that are capitalist) Agricultural: e. g. when a farmer hires wage labors to help out on the process. The most powerful capitalists don"t care where their money shifts to, so they shift from on to another > an example would be dutch investors moving funds to england (as they thou could make more money there instead of the netherlands, more opportunity for profit) The most powerful capitalists are anti free market (in other words, they do not favor free m. 1400: china at the center > land based expansion in china, the importance of silver and e expansion for asian connections.
