Early Global Interaction Flashcards
What are important things to note about the Silk Road
- The route covered almost 1/4 of the distance around the globe
- Considers one of the most significant links connecting various cultures
What is mercantilism
Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century. Mercantilism was based on the idea that a nation’s wealth and power were best served by increasing exports and so involved increasing trade.
What did mercantilism cause what were some examples of what occurred during mercantilism?
- government-controlled international trade by granting monopolies (like HBC)
- focus on exploiting natural resources of colonies
- limited international trade (only with colonies and mother country)
- high levels of government regulations
- individuals were controlled and had little to no rights
- made the monarchy and allies rich
What was a negative effect that came from mercantilism?
the amount of competition that came from mercantilism created tensions between people/rulers
What was the industrial revolution?
a time where new inventions occurred and a whole new revolution was invented
What occurred with the industrial revolution?
- people started using new sources of power to run machinery
- it caused a complete change in the people’s lives= revolution
The requirements of the industrial revolution
- excess amount of money
- available labour (modernization of farms)
- encouragement of capitalist entrepreneurs ( can be related to religion/social values) freedom from control by the government)
- natural resources
- transportation and communication
- stable government
- people felt like they had some power
What is a capitalist
a wealthy person who uses the money to invest in trade and industry for profit in accordance with the principles of capitalism
Why did they want textiles during the Industrial Revolution?
- demand for British cloth was increasing especially in colonies
- gadgets being created in homes to nake spinning and weaving easier
- some gadgets hooked up to a water source
The political effects of the industrial revolution
- child labour laws to end abuses reformers urging equal distribution of wealth
- trade unions
- social reform movements, such as utopianism, socialism
What are some social effects of the industrial revolution
- long hours worked by children in factories instead of going to school
- increased urban population
- poor city planning
- expansion in the middle class
What are some economic effects of the industrial revolution?
new inventions and development of factories
- increased production and higher demands for raw materials
- growth of worldwide trade
population explosion
What were the conditions for the working class?
child labour
12-16 hours
fear of losing a job
Positive effects of the industrial revolution
SHORT TERM**
lower costs for items like clothing
- death rates went down due to access to better food and medical care
What is the negative effect of the industrial revolution?
SHORT TERM**
gangs created in cities abuse of the working class the middle class and the upper class reaped the benefits