POLSCI 160 Chapter Notes - Chapter 1: Pax Britannica, Linnean Society Of London, Mercantilism
17 Oct 2017
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Document Summary
Early 1900"s europe had periodic wars but they were relatively short. Wwi and wwii financially, socially, and politically really crippled the world. The emergence of international relations: the mercantilist era. The world as a meaningful political and economic unit only emerged after 1500; before that, most societies existed in isolation. By 1700, the world was unquestionably controlled by western europeans; colonial rule, military dominance; their presence was never really welcomed by any society. This meant that world politics was dominated by european politics. Had two main interests 1) wanted to ensure their own political and military power and 2) wanted access to markets and resources in other parts of the world. Establishment of monopolies (sometimes held by the government itself) Applied to trade to manipulate the terms of trade and the prices; turn terms of trade against colonies to favor the mother country; colonists received less for what they produced and paid more for what they consumed.
