Class Notes

Disparity of Wealth and Power

Outline:

Disparity of Wealth and Power--Why Europe

Increase wealth and power result from:

1. Spice trade with East Asia/East Indies

2. New World gold, raw materials, then colonial goods using Indian and then slave labor.

3. A & B promote rise or larger consuming classes whose demands promote manufacturing and other changes inside Europe.

4. Industrial Revolution

What was it?

* Unique set of changes in Europe?

* Tied to machinery issues?

Not as important as many European historians have written.

5. A & B result in European conquest of India and the rise of colonial empires in general.

Story of manufacturing in India, China, and the Middle East.

Stress is A, B, C and E, de-emphasisizing the importance of D in understanding why Europe became so much more powerful and wealthy.

Things to Know:

  • potato
  • corn/maize
  • cereal
  • yams
  • Pomeranz, The Great Divergence- China, Europe, and the Making of the Modern World Economy.
  • levels of living
  • state power
  • Ming Empire
  • personal wealth
  • state wealth
  • firearms
  • per capita income
  • Triangular Trade
  • bullion
  • spice trade
  • Industrial Revolution
  • mechanization
  • technology
  • proto-capitalist
  • rural manufacturing
  • non-factory manufacturing
  • Watt's steam engine
  • Asian manufacturing
  • Gujerat
  • Delhi-Agra
  • Madras
  • Caribbean
  • Shanghai
  • household spinners
  • China
  • harmony
  • gunpowder
  • Song
  • Mongols
  • Middle East manufacturing
  • non-guild labor
  • new fashions
  • Ottoman "Irish Lace"
  • British Occupation

Last Updated: 8/12/16