Banking Was Not An Easy Business In 17th-17th Century Europe
The most important component of King Louis administration that allowed him to rule with ease, was creating intendents who replaced nobility and were effortless to control. As well as, monitoring and distracting nobility from participating in government affairs through the use of the Palace of Versailles. By restricting the power of officials who held input in France’s government, King Louis XIV had complete sovereignty over the nation. In addition, the creation of intendants and Palace of Versailles required money, which fueled King Louis policy of mercantilism, this being the second most significant part of King Louis XIV’s reign. King Louis used mercantilism to assume a surplus amount of money, which allowed him to continue funding programs and projects to centralize authority.
The bank printed the country’s money, had offices across the nation, could provide loans, collected taxes, payed bills and was even able to move money around the world. Nicholas
According to the letter written by Niccolo Machiavelli, “I enter the ancient courts of ancient men, where, received by them with affection. ”(Document 3) This is one of the main ideas that characterized Renaissance art and literature. I
King Louis XIV enormous debt caused chaos and financial distress to his kingdom. In Memoir of Problems Faced upon Taking the Throne, written by King Louis XIV, it states, “ Everywhere was disorder . . . The finances were entirely exhausted, so much so that we could hardly find the ways and means. Much of the most necessary and most privileged expenses of my house and my own privy purse were in debt beyond all that was fitting, or maintained [through loans], to be a further subsequent burden.” (Doc.5)
In 1791, the United States was in debt (due to the Revolutionary War) and each state had a different form of currency. Treasury Secretary, Alexander Hamilton urged the congress to establish the First Bank of the United States in 1791. Alexander created this bank to assist the states in paying their debt from the war and to aid the government in its financial transactions. The First Bank was the largest corporation in the United States and at the time big banking unnerved many Americans. The First Bank of the United States issued paper money to pay any debts owed to the government and taxes.
In “The ‘Banking’ Concept of Education” Paulo Freire addresses the inefficient and oppressive nature of modern education. Freire explains that the way in which teachers conduct educating is harmful to the students as well as the teachers. He proposes an alternative method to the banking concept called the problem-posing method. This method treats the teacher and students the same and allows for knowledge to flow in both directions. What Freire tries to convey in his work is that the way the act of educating is performed has a profound impact on the way the students materialize into the real world and how education can be used, intentionally or not, to control the students.
This group came together during the summoning of the Estates General. During this time France was going through a financial catastrophe due to wars and over spending; consequently, King Louis XIV summoned The
It also greatly reduced the Unitarian power of many countries, each manor implementing feudalism being like a state in a Federalist nation. Feudalism was also another aspect that kept the economy running despite the expensive and fruitless expeditions for gold and other riches in the New World. ECONOMIC - feudalism ran on a series of obligations that could be considered a trading of service in exchange for money, goods, or another service. Even though the classes were not paying each other with money but with services in feudalism, it maintained the economy’s momentum, as it kept everyone working and a steady flow of payments to one another. By keeping an overall strong economy for long periods of time, it helped fund ventures in the new world.
Banks boosted the economy by making loans to people such as manufacturers and increased the monetary supply. Banknotes were used as loans, and became the currency for transactions. Federal and state governments didn’t use paper money, which lead to a dependency on banknotes. However, that also meant that there were counterfeits and people taking advantages over others. Banks would therefore decide on who to have loans, as well as discount rates, leading to a large increase of power that banks would have.
Zumanity by Cirque Du Soleil and Edtaonisl Zumanity by Cirque Du Soleil was a comical, acrobatic performance I was able to see in Los Vegas. The painting “Edtaonisl” is an abstract painting by Francis Picabia held at the Art Institute in Chicago. I felt that this painting did a very good job on symbolizing the performance done by Cirque Du Soleil. The “Zumanity” performance was assigned seating. You had to order your tickets online and the website told you what seat and section you were assigned to sit in.
As the nation’s economic condition worsened, the First and Second Estates continued to live lavishly, oblivious to the hardships of the world, while the Third Estate received the brunt of it all. King Louis XVI was incompetent, and he did nothing to alleviate their difficulties. Wars, the king’s court life, and Marie Antoinette’s deficit spending all contributed to the increasing debt of the nation; furthermore, half of the royal budget went to interest, so both the commoners and king’s budget exceeded what they could afford. To make matters worse, peasants had fees and services owed back all the way from feudal times. So as the Third Estate fell into destitution and royal spending increased, the price of goods rose.
From 1450 to 1700 the economy of Europe began to majorly change. Mercantilism was on the uprise which meant Europe began to focus more on their trade and commerce. This lead to many individuals to having a hard time gaining wealth because the government was doing everthing on a large scale. Many Europeans were just barely getting by. Then the poor would have to go to the extremes and beg and steal to make money for themselves.
The Renaissance allowed for some bearings on politics and commerce which opened a door for merchants and the middle class. Renaissance merchants improved their banking techniques and became more open to seek profits. The middle class or city-state leaders were able to experiment with new political forms and functions. This allowed them to improve their social standing in a way that was not based on heredity and more based on what they could do or offer the society. This lead to them running cultural activities , develop more armies for wars on the practice of diplomacy, and some were introduced as ambassadors.
Development of the Renaissance Era is discernible through shifts in the long-established power of the Catholic Church towards the prominence of the merchant class's influence, leading to changes in the traditional social structure. Before this time, the Feudal System was the present force that drove education, arts, and sciences. Under this system, nobles who had inherited wealth by being born into high social statuses and the Catholic Church sponsored individuals in these areas. When the merchant class gained power, this sponsorship transferred to wealthy private citizens usually without the strong affiliations of the Feudal System and the Catholic Church. As a result the works of arts and sciences produced in the Renaissance Era were unbound
(7.) Discuss the relationship between art and propaganda at the Renaissance courts with detailed reference to (b.) Andrea Mantegna’s work for the Gonzaga at Mantua. During the 15th century the ruling family of each of Italy’s districts retained an artist to depict their lives and work.
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