Lecture 3 Flashcards
What is the order of historical periods?
Age of Discovery (late 1400s - early 1500s)
Era of Mercantilism (1600s)
Industrial Revolution (1700s)
Age of Empire (1800s)
Why is the term “Age of Discovery” problematic?
It implies that Indigenous people were something to be found.
What did the Europeans typically import prior to the late 1400s
Spices, silk, high-quality cotton textiles
What was the context to European colonization?
Few military outposts in Asia and Africa to protect missionaries and trades, China dropped out of long-distance trade, technological advances in sailing and boatbuilding.
What defines the rise of Mercantilism?
A. England’s growing dominance in international trade in 1600s and emerging role of merchant class - extension of control of trade into Asia and Africa
B. Emerging control of merchants in overseas trade
C. Rise of British trading companies.
What are some names of Trading Companies? (1600s-1700s)
British East India Company - textiles
Hudson’s Bay Company, English Amazon Company, Massachusetts Company - sugar, rum, coffee, chocolate, pelts, cotton
Royal Africa Company - slaves
What characterizes the first phase of colonialism?
Imperial expansion of long-distance trade, mercantilism, control of trade resources
What characterizes the capitalist mode of production?
Some people control means of production, capital, other people have no access to the means of production and have to sell their labor.
What characterizes Feudalism?
Domestic economy, peasant production for basic needs and surplus for political elite, social relations of labor, elite control of resources through political domination
What does the term “Debt peonage” refer to?
Cheap commodities traded to overseas producers, which produce items of high value, creating a relation of dependency
What does the term “putting out” refer to?
Home producers specializing in production of commodities, merchants providing advance tools and raw materials to peasants, relation of dependence for home production
What are characteristics of the Industrial Revolution?
A. changes in production of basic commodities
B. role of merchants
C. change of means of production
Who made progress in boat-building and made it all possible?
Portuguese
Who were the first 3 major colonizers before the Brits decided to do their part?
Portuguese, Spanish, Dutch
16-17th centuries saw the rise of skywalker
( Big Trading Companies = ) Hudson Bay Company / British East India Company / English Amazon Company / Massachusetts Company
