MGMT 1030 Lecture Notes - Lecture 10: Landed Nobility, 18 Months, National Energy Program
Began in england in the thirteenth century. Landed nobility began to enclose common fields for productive purposes. Eventual expropriation of peasant plots and creation of a landless workforce. Labour became a factor of production a)east india company. The english east india company performs what is known as merchant capitalism, where investments and risk of long-distance trading ventures result in huge profits when sold. Usually, some people travel in a boat to foreign countries to obtain spices, cloves, and nutmegs to sell back at home, as the scarcity of these products result in greater profits. The company sent its first expedition in april 1601 and another successful trip with four ships 18 months after. In 1604, the same four ships were sent off, with three returned, and the shareholders in these two voyages made a 95% profit on their investment. b)manorial system. The manorial system in britain conceptualized of the landlords owning a manor.