POLISCI 121H Chapter Notes - Chapter 1: Pax Britannica, World Politics, Mercantilism
17 Oct 2018
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Document Summary
The emergence of international relations: the mercantilist era. Western europe held power over most of the world. Mercantilism = an economic doctrine based on a belief that military power and economic influenced complimented each other. Main purpose was to establish monopolies that controlled trade and other economic investments. Some were countries some were big businesses. Big power was controlling trade in prices. Got protection of an empire in trade. 1st spain and portuguese fought for predominance in the new world and elsewhere. 1560"s netherland revolted and formed dutch republic. British challenged spain continually from 1580"s on. 30 years war (1618-1648) the french, dutch and other allies sealed the decline of spain. Peace of westphalia = the settlement that ended the 30 years war in 1648. Often said to have created the modern state system because it included a general recognition of the principles of sovereignty and non intervention.
