HI125 Lecture Notes - Lecture 5: Spice Trade, Dominate, Navigation Acts
Document Summary
Creation of financial system is a consequence of the european empire and. Netherlands in the far east other than the voc. India from england other than the east india company: the voc conquered various places from the portuguese: Japan desires chinese silks: 1614 chinese permit the dutch to establish a factory on taiwan. Dutch have the silks that the japanese want. Started to ship it to china to pay for these indian goods that they were buying: english begin to sell tobacco and opium to china creating many. These people are trying to understand commercial exchange and economics at this time: national wealth= national power. In the 16th century spain was massive, some thought that it was because of their silver mountain. The genesis of these stock markets comes in association of these joint stock corporations: 1553- russia company, 1600- east india company, corporations boom in the 1690s with around 150 in existence in.
