Notes Wednesday 8/26/2015 - TAKE NOTES TO STUDY Overview...

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TAKE NOTES TO STUDY Overview: Between 1000 and 1998, population rose 22-fold, per capita income rose 13-fold. In previous millennium, population increased by one-sixth and per capita income fell slightly. Two distinct epochs in the 2nd millennium: Between 1000 and 1820, p.c. income increased by 50%, population rose by a factor of four. Growth was largely extensive. Since 1820, more intensive development (g of p.c. income > g of pop.) Population increased by a factor of <6, p.c. increased by factor of >8. Wide disparity in performance across nations: Group A- West Europe, Offshoots, Japan Group B- Latin America, Eastern Europe and Former USSR, Asia (except Japan), Africa Growth of p.c. income 4 times as fast in Group A than Group B Three main reasons limiting population growth: Hunger crises due to harvest failures Waves of infectious diseases War All of these are interrelated as well
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Unformatted text preview: ● Maddison’s Conclusions ○ West Europe at its lowest, relative, economic standing compared to other regions around year 1000 ○ Turning point for Europe the eleventh century, slow improvements ○ Western Europe overtook (according to Maddison), in terms of GDP per capita, in the fourteenth century ○ New elements to West European expansion: new natural resources, trade, technology, migration (first clear hegemon (=leader) UK, then late 19th onwards USA, albeit slowly) ○ Japan exception to Asian norm (of poor performance), societal changes in the 19th century ○ Colonialism in Latin America, various impacts, did not perform as well as North America, but better than e.g. Africa ○ African economic performance dismal, whatever perspective, last two thousand years ○ Most dynamic economic performance has concentrated on the last two centuries...
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