HIST 1400 Lecture Notes - Lecture 7: François Quesnay, Physiocracy, Mercantilism
Notes 2/19/2018
Economic and Political Openness
● Physiocracy
○ Developed by Francois Quesnay
○ Early Capitalism
● Mercantilism
○ Fixed amount of Wealth in world
■ One country goes up, Net decrease in world
● Zero Sum
○ Trade System
■ Bring raw products back to motherland
● Get made items
● Guilds
○ Group of people who make a certain item
■ Monopolized item
● Only they could make it
○ Masters
■ Make items
■ Teach apprentices
○ Apprentices
■ Learn to master craft
■ Join guild once mastered
● The Agricultural Revolution
○ Many moved to cities
■ More opportunity but greater chance of death
■ People flowed in and out
● Causes of Industrial Revolution
○ Steam Engine
○ Flying Shuttle
○ Cotton Gin
● Society in the Industrial Revolution
○ 1800’s
○ Science is being “Worshipped”
○ Small Religious Revival
■ Methodolism
■ No Blood Shed
○ Culture is dividing
■ Science vs. Religious
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