NATS 1840 Lecture Notes - Lecture 8: Economic Model, Financial Centre, Sugar Beet
9 Nov 2017
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Sc/nats 1840 lecture 9 - the struggle to control capital the environment as a pawn in a global game. Industrial revolution, technological and management based change, explosion in production and consumption. Industrial revolution -we change the way we make stuff, production manufacturing, moving from a craft culture (very skilled) to small unskilled tasks (assembly line) To significantly impact the environment (more energy and resources to make it) Political and economic forces, attitude towards the environment, natural objects as resources for exploitation. Natural resource is another thing we can exploit to make money. The purpose of these resources is to make revenue. Another way to make money for the government. This is how colonies used their resources to compete against eachother. Mercantilism making things for other people (trading occurs) Mercantilism: economic system, nations maintain a positive balance of trade,more exports than imports, hoard specie (gold or silver)
