GEOG 216 Lecture 8: GEOG 216 – Early Commercial Expansion
7 Feb 2018
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Portugal was feeling: countries are looking at doing what portugal did, access it by the sea, spain joins in as well but instead goes west, portugal: cape bojador and africa, spain: the americas, treaty of tordesillas, 1494. 2: divided world in two by papal degree along north and south along the. 3: other european countries, didn"t matter to them that the world was supposedly divided up by spain and portugal moved westward, essentially connected the world for trade. 4: dutch lasted the longest dutch"s traffic, english, spanish, financing trade with credit. Instrumental in self-propelling merchant capital: could not finance these as individuals went into partnerships returns were incredibly high, meaning people were willing to invest. In contrast to primitive extractive practices of spain and portugal: glory, god, and gold . Import tariffs and import substitution of manufacturers: strong navy and military, need to protect your empire.
