Lecture21 - Globalization II The Merchant Guilds...

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1 Globalization II The Merchant Guilds Mercantilism The Economy of Limited Goods The World of the Guilds: Price Controls, Quality Controls The Just Price
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2 Globalization II Trading Empires & Precious Goods: Silver, Spices, Slaves, Silks, Sugar Silver & Sugar: Changing the World Economy Challenges to the Old Order Price Revolution & Economies of Scale
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3 Globalization II The Lure of Precious Goods Imperial Rivalry The Caribbean: Sea of Silver The Indirect War on Spain: The Dutch, French & British
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4 Globalization II The Irrationalities of Empire: Mercantilism Monopoly Pricing: Spices, Slaves, Silver Closed Systems: Spain & the Americas, the Portuguese in the Indian Ocean Supply Shortages Early Modern Bureaucracies
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5 Globalization II Plantations: Sugar Production in the Americas: 1580: 2,300 Tons 1700: 57,000 Tons, The Economies of Scale From Precious Good to Consumer Product
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6 Globalization II The European Price Revolution, 1500- 1650 Central European Production prior to 1550 Spanish American Silver 1550-1800: 100,000 Tons Spanish Silver in Foreign Hands Price Increases 600% 1500-1650
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Lecture21 - Globalization II The Merchant Guilds...

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