MMW 13 Lecture Notes - Lecture 8: Nicolaus Copernicus, Brazilian Cruzado, Atlantic Ocean
5 Feb 2018
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Document Summary
Powerful and independent commerce zone by late 18th. Portuguese are first and foremost eu to exploit new world countries. Volta do mar turn of the sea - used wind of ships to go all the way out into. Allowed them to go farther into african coast and ocean. Circumvented the land-based gold trade (run by local african polities and. Muslims)- new travel routes and markets overshadowing land. Early mercantilism (term coined by adam smith)((and first systematic study of capitalism)) State patronaged them- aimed at accumulating monetary reserves through distant trade. More metal= more prosperous people= more exportation. Gov"t regulation of an economy for the enhancement of state power while competing with other states. 1498 sailed western coast of africa and rounding the cape of good hope to. Calcutta (most pop city in india), goa (1510 portuguese settle there) Late 15th cent (happening simultaneously w/ de gama"s travels) 1453 fall of constantinople ((remember for final))- cuts eu off from silk.
