ECON 1740U.S. Economic HistoryStudy Guide for Chapter OneAugust 31, 2011Questions from Heilbroner&Sager: The Introduction1.French historian Fernand Braduel identified three facets of the historical transformation of Western Civilization. List and define these three facets.2.How does the quest for wealth under capitalism differ from a similar quest in pre-capitalists societies?3.According to W.W. Rostow, how much did the quantity of manufacturing production in the world increase from1785 to 1971?4.How does the production and distribution of wealth differ between a capitalistic and pre-capitalistic society?5.The market system is a combination of two forces. List and define these forces.6.How does political and economic activities work together in capitalistic and pre-capitalistic societies?Questions from Heilbroner&Singer: Chapter One – Out of the European CradleIn the year 1600…1.How many retail shops were doing business in Europe?
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