Spain earned a lot through trading with China. Written by Tomás de Mercado in manual of deals and contracts, it represented that in order to but the products in China, they had to pay a high price which ruined the economy and let silver flowed out of Spanish Empire. Moreover, some of the goods that Spain bought were stones (Document 3). Besides the economy, mining silver required huge amount of labors to work extremely hard. Represent in Document 6, there were more 3000 Indian workers worked hard everyday to mine the silver.
In chapter 1 of Discovering Our Past: The American Journey, by Glencoe, the main idea is exploration and its impact on the Americas. Clearly, exploration made a huge impact on the world by discovering new places, finding new routes, and riches. Portugal and Spain unleashed a new era of exploration by searching for sea routes to Asia by ship, Portugal mainly started the “Age of Exploration” because a sailor named Bartholomeu Dias reached the southern tip of Africa which was new land to them and a little while after, Vasco da Gama found the “long awaited” Sea route to Asia which inspired other people to sail as well. Other people had different goals while exploring the sea, like Ferdinand Magellan who was the leader of the first crew to sail around the world.
England hummed with social and economic change after the 17th century. The joint-stock company flourished with new investors and colonies began to form under England. Peace and unity within England, control of the Atlantic due to the defeat of the Spanish Armada, and the willingness of citizens to leave provided England with many reasons to colonize. The economic theory of mercantilism arose and England began to send settlers over to the new world to colonize in efforts to increase England’s wealth and power. High levels of poverty and a surplus population led citizens to seek social mobility and economic prosperity in the new world.
Within the context of the period 1474-1598 to what extent did Ferdinand and Isabella lay the foundations for a Spanish ‘golden age’ in the 16th Century? Within the period of 1474 and 1598, it can be argued that Ferdinand and Isabella did lay significant foundations for a Spanish ‘golden age’ in the 16th Century, through their political, religious and economic policies, such as the sponsorship of the voyages of discovery. These may have in turn created stability and security, which could have formed the foundations for a golden age. A golden age is considered to be a flourishing period in the history of a nation and whether a time like this actually occurred in Spain in the 16th Century has been widely speculated. This is because whether the
Spain, Egland, France, and Portugal capitalized on the Americas in order to gain Imperialist growth. These countries sought imperial growth to gain riches, spread their religious beliefs, and exploit natural resources and natives.(31) A great example of how the Europeans Imperialistic growth benefited their country is Spains conquest in the early 1600's. During which time they used Native labor to mine gold and silver that filled their ships. They also sent priest to spread catholicism to their conquered Natives.
The politicians of the 1800 's were a whole new breed of men because a centralized government was no longer a threat as the previous generation had experienced (Schultz, Mays, Winfree, 2010). The Democratic-Republican Party, led by Henry Clay and John C. Calhoun, now favored policies that would encourage economic growth other than the agricultural policies of the Jefferson era. The party now wanted to recreate the national banking system, make a national internal improvement, and to raise tariffs on imported goods. The Second National Bank was established in 1816 with the support of Calhoun, the southern and the western congressmen. While northern representatives, New England Federalists, opposed the bank, a reversal of party beliefs.
At the start of the 18th century Britain begun to explore foreign lands to expand the breadth of its empire further than its present conquests. The reasons for Britain’s newfound desire to expand its empire are numerous and varied, but can be categorized into three groups: economic, religious and military. It is important to first understand these broad reasons for Britain’s expansionist objectives because they underscore how it was that they came to become, by the early nineteenth century, the largest empire in the world. Economic, religious and military constructs of the British empire are especially clear in Linda Colley’s historical biography, The Ordeal of Elizabeth Marsh, where the characters present in Marsh’s life, including herself, come in contact with Britain’s imperialist endeavors. By telling the story of Elizabeth Marsh, Colley is able to tell the story of others greatly affected by globalization and British imperialism both positively and negatively.
The fortune of Andrew Carnegie can be difficult to comprehend. Its growth was rapid, rising and endless. This kind of fortune seems desirable to many men, so naturally his success has been tried to replicate. But because the accumulation of wealth is so complex because of an ever-changing market results are varied. Experts today still cannot come to a consensus on what allowed a man with next to nothing could gain such wealth.
Modern day America is an economic superpower. However, one and a half centuries ago, this was not the case. In the late 1800’s there was a large boom in terms of population and industrialization in the United States. From this stemmed many new technological innovations, innovations which could be applied to the creation of alluring products for the masses. This led to the rise of a prominent American consumer culture, which was a driving force in the great economic growth of the Gilded Age.
One of the many Gospel of Wealth advocates was Andrew Carnegie, 1835-1919, who was an industrialist who emigrated from Scotland to American in 1848 (Wall, ANBO). Carnegie’s “Wealth” written in 1889
The European monarchs and rulers of the 17th and 18th centuries wanted to increase their power both domestically and globally by adding to their territories and populations so they used the three features of state-building: control, extraction, and integration. In the late 1700s, both the Industrial revolution and French revolution of 1789 strengthened the idea that Europeans were different from the rest of the world. It also strengthened that “Europeans were “progressing” rapidly while the rest of the world appeared to be stagnating, that Europeans were somehow exceptional—better--, even than the rest” as Robert Marks puts it in his words. (Robert Marks, Origins of the world, p-4).
This economic transformation can only be attributed to the fathers of Modernity or The Enlightenment, such as Machiavelli, due to their radical departure from ancient tradition or dogma like mercantilism. Mercantilism holds that only the advancement of state power matters, but Machiavelli contested the state’s welfare depended on its people; it’s in the states own interest to satisfy the people for political and social stability (Cahn, 153). In order to promote the general populations welfare, the state must abandon Mercantilism and embrace a more liberal system; a free market approach would entice public virtue by creating businesses, jobs, and other forms of public affluence, improving the individual status of citizens vying for more economic independence. The Industrial Revolution is a testament to that affluence; through the virtue of science and technology, fortune, or nature is conquered and humankind can be free to control their own virtues by acquiring knowledge and wisdom through nature or science (Cahn, 181). The quality of conquering nature was instilled by Machiavelli in order to demonstrate humankind’s unbound capability to thrive by accepting this new radical concept of virtue or self-interest; in this specific case, economic and scientific virtue would sustain and encourage security, pleasure, and
‘‘Napoleon is not defeated in the battle of Waterloo but a financial war’ is a book written by the Kimura Jiro, who is the pre-minister of Japan. Even though the title of this book seems like it is all about Napoleon, in fact, the author is only employed Napoleon’s story to prove his ideas. First, all the history facts happen are all because of money. Second, the two main reasons of why a country is powerful are an accurate tax system and people are happy. Thus, another name of this book is ‘ Understand world history by the flow of money.”
Following the reformation, the emergence of a new kind of economy, one focused on hard work and profit emerged. Weber recounts his theories of why this is so and presents them to us within this five chapter book. Religion was a positive catalyst for economic expansion and drove progress within business and worldly activity. European economies prospered following the Reformation and it began a new period of economic dynamism and religious
The Atlantic world from 1492 to 1750 experienced economic and social transformations due to new contacts among the major continents that bordered the Atlantic Ocean. Western Europe, Africa, and the Americas saw dramatic economic and social changes caused by the slave trade, the increase of trade, and the Europeans “discovery” of America. The Atlantic world experienced great Economic changes created by the new global connections established between continents that allowed the expansion of trades, slave trades, and the claiming of land. Due to the new found connections the participants of trade all over the world brought home new goods, mainly from Europe, and materials previously never seen before or goods they were in need of.
