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Lecture

How the West Got Rich-Political Economy[Jan30].doc

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Department
Political Science
Course
POL101Y1
Professor
Jeffrey Kopstein
Semester
Winter

Description
Lecture 15How the West got richPolitical Economy 101Capitalism and democracy have found each other and belong ultimately together th17 Century Dutch HegemonythDecline of Spanish dominance end of 16 CenturyMulticulturaleveryone lived together in the name of commerceIndustrial InnovationModern Financeraised capital from public sourcesEconomic Hubfirst stock exchange and first central bank willing to invest Trade The Flute New ship inventedcheaper to make required less man power hull of the ship is very shallowit is allowed to dock in shallower water it has incr
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