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4_1 - CAPITALISM AND THE EXPANSION OF EUROPE week 4 lecture...

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CAPITALISM AND THE EXPANSION OF EUROPE, week 4, lecture 8
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Europe before European Hegemony Emergence in 14th-15th centuries Changes in Agriculture and Agrarian Economy Rise of Regional Monarchies Rise and Spread of Christianity Demographic Developments Growth of Cities Technological Developments
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New System of Trade and Exchange Integrated System of Trade & Exchange Emergence of Capitalism, i.e. private ownership of wealth and means of production and geared towards private economic profit Individuals involved in exchange of products and labor in free, unregulated market. No interference of church & government; prices of goods & labor determined by supply & demand
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Emergence of Europe, 1500-1800 Not a hegemonic power as yet Competition from land-based empires: Ming, Mughal, Ottoman, Russian, sub-Saharan Africa, Southeast Asia But rise of an Eu trade, credit and market system 1571--Manila entrepot bwn Americas and Asia beg of global trade?
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Beginnings 15th-16th centuries
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