POL208Y5 Lecture Notes - Lecture 2: Bullionism, Precious Metal, Classical Liberalism
Document Summary
There was a race for silver and gold which also connects to bullionism: in the 19th century, almost all of africa and south east asia becomes colonized. The opening of the atlantic had an ugly side the trade of slaves: this is the dark side of the early era of globalization, global trade also encouraged colonialism and imperialism. We start having a lot of movement of people, capital (money), and goods/commodities: this lead us to capitalism. What happens with industrial production is a speedier production rate. Chances are, it is kept from the owner. Distances became shorter and the world became closer. Russian empire replaced by soviet union): so instead of capitalists owning industries, communism says the state owns such industries and they redress all these injustices that marxism was talking about by changing work environments for the better. Post-world war i: the end of wwi brought other immediate problems and transformations.