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04-20-09 Notes - New Markets Investments in Commodity...

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The Commercial Revolution and the Early Modern European Economy The Transitional Economic Era of the Early 17 th Century Neither Medieval nor Modern Merchant Capitalism vs. Industrial Capitalism Commercial Capitalism and Mercantilism Overlap of Private and Public Economic Policies Preconditions for the Commercial Revolution Imperial Expansion and the New Commodity Trade Tea, Coffee, Sugar, Tobacco Price Revolution and Inflation Changing Land Use Patterns, Enclosure, Wool Production Commercial Capitalism Challenge to Guilds and Traditional Urban Social System The “Putting Out” System, Rural Labor Relation between Workers and Merchants, Persistence of Rural Economy Wool—Yarn—Cloth—Dye, Challenge to Labor Traditions
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Unformatted text preview: New Markets, Investments in Commodity System New Institutions, Banks, Joint-Stock Companies East India Company (1600) Dynamism and Growth in Economic System Mercantilism Important State Role in the Emergence of Capitalism Protection of Monopolies, Accumulation of Gold/Silver Role of Tariffs, Quest for “Favorable Balance of Trade” Colbert in France (1619-1683), Mercantilist Policies Alliance of State and Commercial Enterprises Protection of Labor, Resistance to Commercial Barriers Protecting Skilled Workers and Prices, (Commercial Culture) Western Europe’s Position in the New Global Economy Strong States and the Prospects for Economic Expansion...
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