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hist 1112 capitalism - History 1 l 12 1 Economic...

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Unformatted text preview: History 1 l 12 1. Economic consequences of European overseas expansion . foundation for economic growth . Development of capitalism Price revolution( inflation) . commercial revolution Division of labor and greater use of money The creation of a new world economy Colonialism SQthwH II. Capitalism and revolutions 1. Traditional economy 2. Command economies 3. The principle of market 4. Conditions necessary for the growth of capitalism 5. Stages of European capitalism 6. Early leaders A. Italy, Portugal and Spain B. The Netherlands( Holland) C. The Dutch East Indian Company ( 1602) D. Amsterdam, the financial capital of Europe 111. Capitalism and the constitutional crises in England 1. Henry VIII ( 1509-1547) 2. Elizabeth I( 1558-1603) ‘ A. A gifted leader B. The Spanish Armada 1588 3. James I ( 1603—1625) 4. Charles I ( 1625—1649) A. The petition of Rights ( 1628) B. The problem of sovereignty C. The concept of the “ divine rights” of kings D. Feudal dues 5. The Puritan Revolution 6. Oliver Cromwell ( 1599—1658) 7. Charles II ( 1660—1685) 8. James II( 1685-1688) A. Whigs B. Tories C. Mary and William III of Orange ( from Holland) became joint rulers of England and Scotland. IV. The Glorious Revolution of 1688-89. 1. A bloodless revolution 2. The parliament passed a Bill of Rights 3. Monarchy was shorn of its vested privileges 4. The problem of sovereignty 5. An alliance of landed and commercial elites dominated the parliament 6. Rural landlords enclosed much of the common land to graze their own sheep for expanding wool market 7. No large army but supported strong Royal Navy 8. Institutions favoring capitalism and industrialization ...
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