Lecture 06 W12 post

Lecture 06 W12 post - Wednesday, January 25 th • Draft of...

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Unformatted text preview: Wednesday, January 25 th • Draft of Essay 1 due in labs next week • Post electronic version online at Turn-It-In on Blackboard prior to lab. • Submit two hard copies at the beginning of lab. • Late penalties: • Up to 24 hours late: 10% deduction • Between 24 and 48 hours late: 25% deduction • More than 48 hours late: no credit Economic Conflicts 1 ECONOMIC CONFLICTS: PRELUDE TO REVOLUTION Economic Conflicts 2 Outline • Principles of a mercantilist economy • Principles of a market economy • Economic conflicts • Imperial reform • Colonial response • British counter response Economic Conflicts 3 Summary to Date • Problem of government: How do we escape the human predicament and design a Good Society? • Human nature: self-interest and public virtue. • Colonial settlement. • English legacy. Now, we turn from political ideas to economic ideas. Economic Conflicts 4 Next Big Question: Why Did the Colonies Revolt? • 1760: Colonies had it pretty good. • Fairly high standard of living. • Lots of land Labor was valuable. • Ripe conditions for freedom. • English legacy. • Britain was not very oppressive. Economic Conflicts 5 One Key Reason for Revolt: Economic Conflict The colonies wanted economic freedom, while the English Crown wanted an economy regulated for its interests. • Colonies had very bright economic prospects: Better at producing food than the British; soon would be better at producing manufactured goods. • The Crown, though, did not see the colonies as a place for ordinary Englishmen to get rich: the colonies’ purpose was to enrich the Crown. This conflict between economic regulation and economic freedom occurs in all societies....
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This note was uploaded on 02/08/2012 for the course AHTG 100 taught by Professor Pope during the Winter '08 term at BYU.

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Lecture 06 W12 post - Wednesday, January 25 th • Draft of...

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