Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

HIST266 > Quick and Dirty Guides: Great Divergence and Business Forms > Flashcards

Quick and Dirty Guides: Great Divergence and Business Forms Flashcards

1
Q

What is the Divergence?

A

THE CHANGE FROM:

pretext: 300 years ago, 80% of society spent time producing food

agricultural society —-> industrialization

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

1810 Thesis

A

Everyone had relatively the same wealth until Europe and the West Diverged

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Old Explanation

A

Adam Smith Explanation of GD:

West:democracy, free market, individualism, competition

East: Authoritarianism, state regulation, Confucianism

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

New Explanation (1980)

A

West: Role of Corporation, Free Markets

East: Authoritarianism, group thinking, cooperation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

NOTICE THAT OLD EAST AND NEW EAST ARE NEARLY IDENTICAL

A

YEAH? DID YOU NOTICE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

6 Categories of GD

FUN 
COMES
IN
TWO
WAYS
CUH
A 
factor endowments
culture
institutions
technology
world systems
contingency
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Factor Endowments

A

population
resources
“society surplus is a necessity for progression”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Culture

A

religion
values
social norms
family structure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Institutions

A

family system
government
legal systems

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Technology

A

increases productivity
need to acces
applicability

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

World Systems

A 
colonialism
imperialism
trade
population movements
disease
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Contingency

A

plague
loss of a war
personality
path dependency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

5 Levels of Analysis

FIRE
IN
NORWAY
REALLY
WORKS
A 
firm
industry
national
regional
world
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Firm Level: Explanation of GD

A
  1. enlightenment created desire for profit
  2. corporations allowed for concentration of capital and professionalization of management
  3. Family planning allowed for capital accumulation
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Firm Level: Stereotypes of EA

A
  1. Confucian disdain for business
  2. family run firms lack capital
  3. no family planning
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Industry Level: Explanation of GD

A
  1. Free market allows competition

2. Specialization and innovation

17
Q

Industry Level: Stereotypes of EA

A
  1. lack of innovation

2. lack of free market

18
Q

National Level: Explanation of GD

A
  1. the west guaranteed property rights that allowed for larger investments
    (you could put labor into your land or product and not worry that it would be taken from you. good incentive)
  2. states’ needs for revenue led to the development of private financial markets (investments)
  3. states needs led to formation of corporation
  4. democracy led to capitalism
19
Q

National Level: Stereotypes of EA

A
  1. lack of property rights
  2. private financial market was undeveloped
  3. family firms are too limited
  4. despotism hindered capitalism
20
Q

Regional Level: Explanation of GD

A
  1. competition among European states led to innovation
21
Q

Regional Level: Stereotypes of EA

A
  1. lack of conflict among states
22
Q

World Level: Explanation of GD

A
  1. imperialism provides commodities and drains off excess population
23
Q

World Level: Stereotypes of EA

A
  1. East Asia cut off from world
24
Q

What does it take to create a successful business? (9)

People 
Call
Me
Lazy
Por Que
Cats 
Smell
Cats
Tell
A
  1. product/service
  2. capital
  3. management
  4. labor
  5. permission to operate
  6. customers
  7. supplies
  8. contracts
  9. trust
25
Q

What form is best?

A

Joint Stock Corp: Key in the GD
they had the ability to pool large amounts of $$
professional management

26
Q

European joint stocks =

A

government monopolies

27
Q

Sole Proprietorship

A

self

28
Q

Limited Liability Corporation ( Joint STock )

A

Where: shareholders
Who: Shareholders
Control: Board of directors
Liable: Firm

29
Q

Business Group:

A

Who: Group of related firms

30
Q

State sponsored firm

A

Who: state or shareholders borrowing from bank

31
Q

State owned firm

A

owned by state

32
Q

Collective:

A

Who: members of the collective, collective firm

33
Q

Joint venture of TWO firms:

A

who: Joint venture partners

HIST266 (20 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions