POL101Y1 Study Guide - Final Guide: Bretton Woods, New Hampshire, Ottoman Empire, Allies Of World War Ii
Document Summary
International relations: world economy, lead to prosperity for some, colonization by europeans. Industrialization and urbanization (cid:853)(cid:856)(cid:861)(cid:854), wave of explorers, conquerors, settlers . Centuries of european expansion after 1492 meant world politics were dominated by. This would only change in 20th century with the militarily and economically important non-european countries. European government had two main interests: ensure their own political and military power, wanted access to markets and resources in other parts of the world. Mercantilism, use of military power to enrich themselves and their supporters, and then use those riches to enhance military power, monopolies that controlled trade and economic activities. Some mercantilist monopolies held by govt like spanish govt control over gold mines. Other monopolies granted by govt to private business like (udson(cid:495)s bay, dutch east. Mercantilism control on trade served to manipulate terms of trade and prices paid for exports/imports. Mercantilist polices goal was to turn terms of trade in favour of mother country.
