History 1803E Lecture Notes - Joint-Stock Company, Chartered Company, Individualism
15 Nov 2012
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Document Summary
New mindset beginning in 14th to 15th century there was renaissance . 3rd thing: rise of the merchant class particularly in england and the rise is a. Conditions that would lead to a modern market economy. Renaissance idea ushers in a era of optimize and scientific inquiry and men reconnected with learnedness, antiquity and desire to re-center man in creation. 2nd thing: the rise of spain in the 15th, 16th century. European dominance with the ability to extract wealth form the new world (mexico). Spain floods own market with precious metals and economy organized more around money and wealth. crucial factor in the development of an early modern market system. The took advantage of decline in spain and new found wealth and position and enter alliances with monarchs of england and give more power to merchants and less to land owning aristocracy. Monarchs explore and find the new world and colonize. Merchants want to create a dynamic system of wealth.
