The First Global Economy Trade, Investment, and Finance

The First Global - MercantilistTrade Mercantilism(15001800,intheory,involve

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Click to edit Master subtitle style  4/26/11 Energy and Industrialization The First Global Economy
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 4/26/11 Early Modern World Trade Routes
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 4/26/11 European Explorations and Colonization
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 4/26/11 Colonial Empires in 1763
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 4/26/11 Mercantilist Trade Mercantilism (1500-1800), in theory, involved the economy’s subservience to the needs of the state. Mercantilist nations strove for protectionism, a  positive balance of trade, the accumulation of gold, and a  global system in which colonies’ primary job was to supply
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 4/26/11 Triangular Trade 18th Century
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 4/26/11 “Eurocentric” Story Industrial revolution emerged  after the creation of a successful capitalist system in England and spread to other parts of Europe and the United States. But did it emerge necessarily  because of this developing capitalist system? Was the “Rise of the West” a “miracle” wherein certain cultural and economic
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 4/26/11 Qing Empire 1760
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The Great Divergence As late as 1800, China (Jiangnan Province) had achieved a level of growth and development equivalent to England. China had efficient, functioning markets, but did not industrialize. Serious ecological obstacles to further
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This note was uploaded on 04/25/2011 for the course INTB 3351 taught by Professor Priest during the Spring '08 term at University of Houston.

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The First Global - MercantilistTrade Mercantilism(15001800,intheory,involve

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