Slide 1: The Evolution of Business. April 2012. Presented By Josie Boss Slide 2: Today’s discussion regarding the Evolution of Business will begin with Feudalism proceed to Mercantilism introduce us to Capitalism then Commerce explain Property Rights and final we will learn about The Industrial Revolution. Slide 3: The Concept of Feudalism at its heart involved a system of fair exchange. The King Granted Land‚ protection & title to Lords. In return‚ the Lords took an oath to the King
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In both mercantilism and capitalism systems‚ the government gives protection to investors and merchants in order to reduce the possibility of loses. Capitalism was the economic system which had an expansion of credit and large financial institutions‚ such as banks
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Chapter 8 – Test #3 GLOBAL ECONOMICS AND TRADE Test Questions Multiple-Choice Questions 1) What was the Bretton Woods system designed to prevent? a. the expansion of the gold to dollar standard b. another Great Depression c. the sale of complex financial instruments called “derivatives” d. speculation in the markets for both gold and silver 2) In what year did the Bretton Woods system break down? a. 1971 b. 1980 c. 1995 d. 1966 3) The __________ tradition of IPE focuses on the ability of institutions
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Prior to 1490s‚ Europeans had already sailed down to west coast Africa and were having a long-established trade in African Slaves. Moreover‚ European expansion basis was the ambition for the trade and resources of Asia. They tried to expand further to Asia motivated by ambition for the trade and resources of Asia. Three centuries after Columbus’s discovery of America‚ various Europeans which are Spanish‚ Portuguese‚ French‚ English and Dutch were dominating Native American. They were occupying the
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countries’ banks. Consequently‚ Spain started mining for silver and gold in Mexico and Peru‚ while English and Dutch settlers set up colonies in North America. With these conquests for riches and lands‚ Europe’s economy transformed into a mercantilism based one. Mercantilism economy declared that a country’s power depended on its wealth. A country could gain wealth by finding gold and silver‚ and by selling more goods than it bought. Colonies facilitated this by giving land for Europe’s quest for more wealth
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eventually exploded in the Revolutionary War. Thesis Statement: Prior to the French and Indian War the colonists enjoyed salutary neglect‚ but soon after the defeat of France and the acquirement of French land‚ the almighty British implemented mercantilism‚ settlement restrictions‚ and several controversial duties in the colonies. Economic The French and Indian war took a large toll on the American Indians lives. The British took revenge against Native American nations that fought on the side of
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Globalization Notes Defining Globalization Globalization is a contested concept a. No one specific definition of b. Distinction between condition‚ process‚ and ideology c. Deconstructing shakira and diego forlan (soccer player) Global-local connections- shakira combines music from different countries to make her own music unique. They both have local roots‚ but are also huge global celebrities. Their global identities defined by local connections Good example of hybridity-people- corporations
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hope was to escape the religious persecution they were facing in England‚ worship freely‚ and have the opportunity to choose which religion they wanted to take part in. The Southern colonies were developed for economic motives. They had goals for mercantilism and increasing the prosperity of England. Finally‚ the Middle colonies were founded upon diverse religions because their primary focus and purpose was to make money or to populate the country. Overall‚ every colony was colonized due to specific
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the problem was imbalanced economic disagreements and disputes. The British used the colonies to better their own market. They made the colonies send them raw materials‚ which they manufactured into finished goods. This is called mercantilism. Specifically mercantilism is severe governmental laws over the economy through laws intended to secure a buildup of gold‚ gain a favorable balance of trade‚ and the establishment of foreign trading monopolies. Overall this economy was a way for the British
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Ch. 16 Outline XVI Revolution and Change in England A) The Tudors and the Stuarts 1) The Reign of Mary Tudor a) revolution: a radical attempt to change the very structure of a country’s government b) in the late 1400’s the Tudor family became the rulers of England. 2) The Reign of Elizabeth I a) Mary Queen of Scots i)When Mary I died her half-sister‚ Elizabeth‚ became queen. ii) Elizabeth had no children so the crown went to Mary Queen of Scots‚ a Catholic. b) The
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