ATH 175 Lecture Notes - Lecture 6: Ethnocentrism, Allies Of World War Ii, Ottoman Empire
2 Oct 2016
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Document Summary
Globalization: intensifying flow of capital, goods, people, images, and ideas around the world. 3 keys to contemporary globalization (all intertwined): communication technologies. Connects people in myriad ways: transportation technologies. Fast and relatively inexpensive transportation has changed how people think about distance: western capitalism. System of ideas that has changed how people make a living, relate to one. Exchanges of goods and services (trade: 2. Calculated according to a universal medium of exchange/value (money: 3. Carried out by a means of supply + demand = price mechanism (market) Market exchange, reciprocity, redistribution, non-accumulative entrepreneurship all different modes of economy: ex: societies that don"t use money, ex: in some parts of the middle east, entrepreneurs will ruthlessly exploit customers but they cooperate rather than compete among themselves. Colonialism: domination of one society by another, economically, culturally, socially, and politically. England built commercial empire on textiles -> major cotton market was american south -> 1860s that market was unavailable.
