HIST 1011 Lecture Notes - Lecture 8: Gold, New Culture Movement, Mercantilism
Document Summary
It was said that they found enough silver to build a bridge of silver from the americas to the ports of spain, and still have some silver left over. Global systems of commerce of embedded and integrated to the world trade. It has been 100 years since discovery already. Revolution in the type of trade being used. Subsequently causes revolution in amount and types of products can be traded (because ships can carry more things further) First time you can really enjoy products that came from all around the world. At this point, asia (particularly india and china) still control most of the wealth of the world. Just the region of bengal in south asia is responsible for 20% of all global trade. The peripheries of europe are experiencing the most rapid economic growth. Mostly has to do with the new world. Don"t have to invest much into governance, seeing that up to.
