POLS 3125 Lecture Notes - Lecture 4: Spanish Armada, Sugarcane, Bourgeoisie
25 Jan 2018
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Sugar cane + black slaves + gold (main trade) Dutch east indian company society of merchants who pooled in their resources. Limited liability owners and companies become separate if they do not have it they could lose their wealth if their business failed. A company with its own army + legal system acted like a country. Could be taken away by the government. Bank of amsterdam control over currency + monetary value. Merchant fleet well trained sailors well equipped navy. Goes into debt british rose as a more powerful player. Absolution absolute power in the hands of a single person = the crown. Tea trade more valuable then gold at this time. Obstacle in start a good agriculture system. Jays treaty between canada + england + us. Loyalist american citizen who are still loyal to the british empire. Needed american supplies for the garrison not enough food.
