Developlment of the US Midterm Exam Review

Developlment of the US Midterm Exam Review - Columbian...

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Unformatted text preview: Columbian Americanism- Columbus discovers America. It was a movement or type of American history that adopted Columbus as a heroic figure. It was also a revolt against the idea that the US was a protestant nation. People were looking for a way to bring Catholicism to the US. Catholic Columbianism- In the early 1900s, it became part of the US identity. It was a well-organized nationalism that proclaimed Roman Catholics good Americans and the founding of Americas Catholic event. Modern World System- the world system is the result of the increasing interdependence of cultures and ecosystems that were once relatively isolated by distance and boundaries. Of particular significance to the development of the world system was the European Age of Discovery, wherein the European sphere of influence began to be exported far beyond its physical boundaries by means of conquest and trade. Core/Periphery- Core-is the developing area, with middle class people. The trend in the core was toward variety and specialization. Core has the best jobs, best wages, and manufacturer of proposed wealth. It has a rapid plofaration of skilled laborers. It also had the rapid diffraction of labor force. Periphery -is created by the agents of the core. The trend in the periphery was toward monoculture. It produces raw material for the core area (e.g. Lumber, gold, silver, fish, sugar, rice and wheat). The periphery is in service to the core. In the periphery there are a few powerful people and many, many poor people. The combination of free labor in the core and coerced labor in the peripheral areas was crucial to early capitalist development and the modern world system. This was also the development of the international division of labor. Commodities went from the periphery (raw materials) to the core to be developed. This is dividing the work and producing goods. Guanches of the Canary islands- how they practice slave trade and Atlantic trade. The Guanches were, with the possible exception of the Arawaks of the West Indies, the first people to be driven over the cliff of extinction by modern imperialism. The price revolution- There was a continuous inflation through the 16th century, called the "price revolution" , which was due in large part to the increase in the supply of gold and silver as huge quantities of these metals were shipped to Europe. An underlying cause of the economic turmoil in England was the massive impact on European prices of the gold and silver imported from Spanish America. This vast supply of gold and silver doubled the money supply and sparked a major economic transition known as the Price Revolution. People had more money to spend and they were willing to bid up the prices for goods; between 1530 and 1600 the price of a bushel of wheat tripled. It is fairly clear that the supply of silver increased faster than the supply of goods and services and the result was inflationary in terms of money....
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Developlment of the US Midterm Exam Review - Columbian...

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