History 2125F/G Lecture Notes - Lecture 1: First Nations, States Of Germany, Mercantilism
21 May 2016
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Points to ponder: staples theory, mercantilism, staples beginnings, fish, furs. Staples theory ( thesis will be on exam: we rely on people buying out things (i. e alberta creates oil), staples trap - is an underdeveloped economy. In most third world economies you have only one resource and a ton of people: narrow economies that produce one or two resources lack local control, reliance on outside -> unpredictability. European settings: rise of powerful nation states , emergence of capitalism, warlords controlled areas of europe during the 900. Capitalism was the answer to being able to afford the pay their armies. Mercantilist model: emerged because the king got about as powerful as he could (france, spain, The idea was to go elsewhere in the world, instead of just ghting each other. This theory was the complete opposite of free trade. Various empires try their hand at empires in the new world . Countries like england would claim entire continents as their own.
