The Early Modern World
Conditions that would lead to a modern market economy
3 developments that lead to an emergence
-new mindset beginning in 14 to 15 century there was ”renaissance”.
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.
Take greater control over ones density. Individualism.
-2 thing: the rise of Spain in the 15 , 16 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
-3 thing: rise of the merchant class particularly in England and the rise is a
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. New mind set of early modern. Monarchs explore and find the
new world and colonize. Imperialism. Spain squanders its economic position and
the English merchants take advantage of this, creation of joint stock companies and
chartered companies: these companies given blessing of monarchy’s and will
catapult the merchants to prominence, static world of hereditary where money is
passed on through the family and s