MGMT 1030 Lecture 1: Global Introduction Notes
24 Sep 2015
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When they move to larger settlements restricted by ability to feed urban dwellers- Northern africa and the middle east: relied on coin based money as universal medium of exchange; spread through empire as far as. China: expansion of road and sea networks and political control over wide areas. Large-scale agriculture and mining became possible; created economic growth and development of a better lifestyle for roman citizens. Foreign trade expanded, including the visits of marco polo: drought, economic disputes and ethnic tension led to overthrow of khan rule and rise of ming dynasty (1368 1644) Economic society in the european middle ages: manorial system - breakdown of european political structures forced creation of self-sufficient manorial estates, serfs and peasants tied to land and owed service to manor lord in return for protection. Feudal society based on tradition and custom with an absence of money transactions.
