SOC 218 Lecture Notes - Lecture 1: Chain Reaction, Prime Rate, Unequal Exchange

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The crisis of feudalism and creation of a european world-economy: midterm question from last year on this section of lecture, what economic, social and environmental developments contributed to the crisis. In order to export the goods- they needed to bring in people who would do all the work to produce the resources: european imports and exports: Import food, fiber and bullion from the americas. In the absence of currency- it was dangerous to carry large sums of bullion. Creation of the capitalist world-system: one economy & many states. If the(cid:396)e is o(cid:374)l(cid:455) o(cid:374)e state i(cid:374) the (cid:449)o(cid:396)ld e(cid:272)o(cid:374)o(cid:373)(cid:455): it (cid:449)ould (cid:271)e a(cid:374) (cid:858)e(cid:373)pi(cid:396)e(cid:859) If you do those (^^) then: you increase competition (good for domestic small business, lower prices (good for consumers, democrats and republicans support monopoly. Rise of the republics and the expansion of citizenship. Inverted triangle: the amount of citizenship has grown, top: most people are enfranchised, women, men without property, white men, african.

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