HIST 80b Lecture Notes - Lecture 6: South Sea Company, Kenneth Pomeranz, Shamian Island
9 Feb 2017
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Document Summary
The wealth and poverty of nations by david landes and the clash of civilizations argued that the west rose to power due to endogenous factors and coined the term great divergence. Kenneth pomeranz wrote the great divergence arguing that the west did not match china until the mid 18th century. Landes saw determinism as the reason for this shift, while. Parthasarathi argued that the industrial revolution originated from the competition between britain and india over cotton, therefore exogenous factors caused the west to rise. He claims that producers in india lost their advantage over. Britain around when britain adapted free trade policies. The creation of the private corporation started with the creation of joint stock companies (ex. Queen elizabeth i chartered the east india company (1600). Virginia company (1606) were two examples of initially successful stock companies. Sea company (1711) and east india company (1600) were involved with cotton textiles, Chinese tea, and opium (latter), and sugar, and slaves (former).
