Geography 3422A/B Study Guide - Cash Flow

24 views1 pages
Published on 20 Sep 2012
School
Western University
Department
Geography
Course
Geography 3422A/B
Professor
Video: The Day the Universe Changed 9/11/2012 1:54:00 PM
Caribbean Islands
Rich English men would bring in poor people from Africa to harvest
all the sugar on the Caribbean islands
o Sugar producers then were like oil producers now
o Controlled thousands of slaves by keeping them frightened
Wanted to make enough money to retire back home
England
Livestock needed food in the winter to keep them alive
o Found different ways to protect the grass, an inch of water to
prevent frost, feeding them turnip because it would grow in
fall and be ready for winter, nitrogen in the grass so it would
continue to grow
1720 30 years of beautiful weather lead to food prices down and
wages up
o Resulted in the “ploughman’s lunch
o Cash flow problems, too much cash and not enough flow
o Dutch introduced paper money to England using a “paper
promise” instead of actual gold
Also introduced stocks and investment in companies
both in England and overseas
1700’s – a lot of new ideas like import and export
o There was no tax on profits in the 1700’s
o Decenters considered to be potentially dangerous
revolutionary fanatics (religious people)
Not allowed to gather in public or go to university
Were allowed to go into industry
Set up their own academies all over the country
Learned things that we are still learning today,
turned out the equivalent of Harvard grads today
With their education styles and skills learned, they were
able to take advantage over those with more money
than sense
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Document Summary

Video: the day the universe changed 9/11/2012 1:54:00 pm. Rich english men would bring in poor people from africa to harvest all the sugar on the caribbean islands: sugar producers then were like oil producers now, controlled thousands of slaves by keeping them frightened. Wanted to make enough money to retire back home. Also introduced stocks and investment in companies both in england and overseas. 1700"s a lot of new ideas like import and export: there was no tax on profits in the 1700"s, decenters considered to be potentially dangerous revolutionary fanatics (religious people) Not allowed to gather in public or go to university. Set up their own academies all over the country. Learned things that we are still learning today, turned out the equivalent of harvard grads today.

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