2014 Overview • Feudalism • Mercantilism • Capitalism • Commerce • Property Rights • The Industrial Revolution Feudalism • Business or economic system in which one class of people (Aristocrats) control the property rights to all valuable resources‚ including people. • Laborers began to receive more rights and rewards • To make their estates more profitable‚ land owners assigned the most reliable workers to take control of specific farms on their estate. Mercantilism • Merchants are traders who
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A married woman in the colonial era generally lost control of her property when she married because landowning was primarily reserved to men. Women had little rights and men had the majority of the power. Therefore the property of the woman went to her husband. At the time Europeans first began colonization‚ what was true of Northeast American Indian tribes was that their political and linguistic differences hindered united opposition. The tribes saw themselves as groups distinct and different from
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It wasn’t until the 18th century that the American colonies showed promise to be a single‚ unified nation. When the colonies started to become more established‚ more people in England began to migrate to America. Encouraging factors for America’s survival include the effect of the Great Awakening and varied interpretations of this movement. However‚ factors that held them back were the American colonies continued reliance on England for survival. Religion had a greater impact on English colonization
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from England. It let them make their own laws that would benefit the people in the colonies. Because of this there was religious freedom. It unified the colonies and gave them a sense of nationalism. Even though England believed in a system of mercantilism‚ Sir Robert Walpole espoused a view of "salutary neglect?. In this system the British had very little interference in the international affairs of the American colonies. Walpole believed that this enhanced freedom for the colonists would stimulate
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Global Studies Lecture 4 Sep.20/12 Silk road: -modern term‚ that refers to interlinking trade routes * Interlinked east‚ south‚ western Asia‚ Mediterranean‚ and European world‚ as well as some parts of Africa * Historians believed that silk road helped the development of Chinese‚ Indians‚ Persians empires * Just as silk was being traded‚ so were ideas * Goods trade included: tech‚ religion‚ ideas‚ deisise * Silk road 6‚500 km long *
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Life of the United States was radically reformed by the American Revolution through religious‚ social‚ economic‚ and various political changes. Between the rise of the battle at Lexington and Concord to the generous Treaty of Paris marks a series of events that contributed to the American Revolutionary war. Although not as significant‚ the American Revolution brought various spiritual changes deriving from the fight for spiritual freedom. The strive for religious equality became Thomas Jefferson’s
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Romantic Period Literature Characteristics: Love of Nature Love of the Common Man Neo-Classicism The Supernatural Nationalism Heroism Strange and Far-away Places Love of Nature Emotions and instinct became more important than reason. There was a glorification of “The Natural Man”‚ the “noble savage‚” and the primitive and untutored personality. Primitivism‚ meaning the thought that the simple and unsophisticated life was best‚ also grew popular. These ideas led to an interest in old
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by exporting its cargo and merchandise. Great Britain wanted to run its colonies based on the trade “mercantile” system – gold‚ silver and money is the main thing from which a nation gets its power. In 1650‚ the British government made a law “mercantilism” in international trade. Americans gave raw goods to England to produce goods and sell them in European market and then back to colonies. To improve merchant marine and the economy‚ between the years 1651 and 1673 the English parliament passed
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benefit society. Smith’s attack was centered towards “Mercantilism”‚ which was used during the 18th century that controlled exporting and importing. The object of each nations goal was to increase exports to its colonies and other nations‚ while limiting imports. By doing this you would end up with a “favorable balance of trade”. If a nation exported more that it imported‚ the difference was acquired in gold or silver. The Mercantilism nations believed that the more gold or silver they received
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century contributed to the decline of disease and famine? How did the putting-out system work and why did it grow? What were the advantages and disadvantages of the putting-out system for the merchant-capitalist? For the worker? What was mercantilism? How could it have been a cause of war? Of economic growth? The eighteenth century witnessed a large number of expensive and drawn-out wars. Who was attempting to alter the balance of power? Were the causes of these wars economic or political
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