POLI 279 Lecture Notes - Lecture 6: Bullionism, Precious Metal, De Facto
15 May 2016
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Colony: formal empire, social and territorial unit, contiguous non-contiguous, power asymmetry, non-sovereign unit within an empire, direct or indirect political control over the colony. Reasons: civilizing mission, proselytizing mission, economic motive, strategic motive, population motive. Some wants satisfied, some not because not enough resources. Bullion: precious metal: silver & gold: bullionism. Mercantilism based on the assumption of bullionism. Necessity of getting a hold of as much raw gold & silver. Can make gold & silver coins over them mint them: empire- building. Mercantilism built on imperialism (practice and process of building empire, but also the ideologies and ideas that justify the expansion of empires. Settler colonies: white settler colonies at the time (european caucasian) Emergence of a value added export trade. (colonials sell the raw resources home, and transform them to value added manufactures. Colonist export it back to europe, export back to the colonies: autarky. States are most competitive, powerful when they are autarkic.
