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SOCB42 Oct 4th.docx

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Dan Silver

SOCB42 Oct 4 th 1. Fall of Rome 2. Warlord Land Grab 3. Bad for agriculture 4. Towns Rise 5. Foreign Trade Rises 6. Manufacturing develops 7. Barons Weakened 8. Agriculture develops 9. Commercial Society Natural Progress of Opulence Agriculture Manufacturing Foreign Commerce Farmers Manufacturers Merchants Country City International Opulence: theory of how things are supposed to go (how country should develop) Historical Causes of Wealth Human nature says this should happen but most country doesn't become rich. What is it that is blocking human nature from realizing full potential? What Smith think would be natural developmental course if there weren't any blocks (inhibitors)? Please see the table of the natural progress of opulence. Why did he think this would be the natural course? 1) Pg. 482/3 Subsistence First: you have to take care of your basic needs first. 2) Moral Claim: the life of the farmer was the best life. Why? If you're a farmer you have your own property, no boss to tell you what to do. Less dependent on things happening n farther places. It’s less uncertain. More control and it is beautiful. Compared to filthy city life. 3) Country-town reciprocity. The countryside provides all the raw material to the town of what they need. The manufacturers also supply stuff the farmers need. This natural progression was blocked and never happened in Europe. It happened the opposite way.. Started with commerce then move all the way to agriculture. Inhibitors: 1) Feudalism (what happened in Europe) This worked against economical development and was deep routed in people's life… uprooted unintentionally, tore apart though. 1) The fall of Rome: most advanced civilized society of its day. it then collapsed. Which brought about the dark ages. Civilization collapsed. 2) Warlords then come in to bring stability to anarchy. Ended up acquiring vast amounts of land throughout Europe. Control through violence. Very violent place because of wars over land. 3) Bad for agri because land was used for power and protection. Many laws created were made to maintain land in the same family. Example: primogeniture - first-born son gets land; entails- laws that said a noble family cannot sell their property. They became known as petty princes according to Smith. Peasants lived on their property. Everything they grew they give to the lord. In exchange for protection from being killed. There were also knights. If there was a dispute between peasants, the lord settles it. Lord also decided marriage. if peasant dies property goes to lord. Peasants are a part of the property. Example of a patronage society. Bonds connected all of Europe Kings Lords Barons Knights Peasants Bad for agriculture which is key to development.. a) Baron personality structure: they are warriors after glory, honour and respect. They get rich and spend and party. Hosts parties for knight to show off how powerful he is, reminding the knights to be faithful. b) Peasants are not going to be productive in this situation. They only work to give to the baron so there is no incentive to produce surplus (because its going to baron anyway). They also had to do other extra work for the baron. Conflicts / tensions within the structure: peasants vs. baron;; this wont change structure. But the conflict that threatens the structure is between the aristocrats and kings. Leads to major social change, when something outside the basic structure can be brought in..the city. After the fall of Rome the elites moved to the country side.. 4) Rise of towns. Each person in the cities has equal dignity. Cities became hot ground for testing democracy etc.. More, cities developed more in countries where kings were weaker. 5) Foreign trade rise.. in Europe this was the first thing happening. 6) Greater demand for new products they were importing so they decide to start manufacturing which they learned how o do through foreign trade. 7) Once manufacturing gets going, the power of the barons gets weakened. Indirectly and unintentional. As town grow, new markets were opened then new demand.. For all the raw produce from countryside. so no more supplying barons with surplus for parties. Manufacturers tried to buy land from the countryside. Manufacturers have different personality ties than the barons.. They will
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