POLI 354 Lecture Notes - Commodification, Money Supply, Serfdom
3 Dec 2012
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Document Summary
Pretty much doing the same economically as the rest of the world. Mid 1600s europe is main focus before talking about north america later. As trade grows mercantilism gets applied until early 1800s. Changing the relations between capital, land and labor. Europe becomes richer and starts to use capital. Fall back on local production- cant travel that fare for trade. What you are born into is your faith. Inside fortifications allows you to be autonomous politically. Political authority fragmented to very local levels. Convincing economics nobles to pool resources- they do so because they are fighting against muslim kingdoms in the south. Start sending armies and hear appeals about exploration and engage in trade. Needed silk and cotton but can only be found in china and india; need for spices. Spain has money to spend and funds expedition to america. Encourages other spanish explorers to go as well. Nobles and merchants are going to benefit.
