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    Structure and Change in Economic History - Summary

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    Paula de Souza-Sroka
    Throughout economic history, the influence of the Church declined due to the rise of Protestantism, literacy, and questioning of religious dogma. As the Church's power waned, states established stronger control over taxation and the relationship between the public and private sectors. The development of strong legal institutions protecting private property rights and enforcing contracts was essential for economic growth during the Industrial Revolutions of the 18th-19th centuries. Regions that established these foundations earlier, such as parts of Northwest Europe and the United States, were able to innovate and their economies flourished.

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    Structure and Change in Economic History - Summary

    Uploaded by

    Paula de Souza-Sroka
    180 views1 page
    Throughout economic history, the influence of the Church declined due to the rise of Protestantism, literacy, and questioning of religious dogma. As the Church's power waned, states established stronger control over taxation and the relationship between the public and private sectors. The development of strong legal institutions protecting private property rights and enforcing contracts was essential for economic growth during the Industrial Revolutions of the 18th-19th centuries. Regions that established these foundations earlier, such as parts of Northwest Europe and the United States, were able to innovate and their economies flourished.

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    Throughout economic history, the influence of the Church declined due to the rise of Protestantism, literacy, and questioning of religious dogma. As the Church's power waned, states established stronger control over taxation and the relationship between the public and private sectors. The development of strong legal institutions protecting private property rights and enforcing contracts was essential for economic growth during the Industrial Revolutions of the 18th-19th centuries. Regions that established these foundations earlier, such as parts of Northwest Europe and the United States, were able to innovate and their economies flourished.

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    180 views1 page

    Structure and Change in Economic History - Summary

    Uploaded by

    Paula de Souza-Sroka
    Throughout economic history, the influence of the Church declined due to the rise of Protestantism, literacy, and questioning of religious dogma. As the Church's power waned, states established stronger control over taxation and the relationship between the public and private sectors. The development of strong legal institutions protecting private property rights and enforcing contracts was essential for economic growth during the Industrial Revolutions of the 18th-19th centuries. Regions that established these foundations earlier, such as parts of Northwest Europe and the United States, were able to innovate and their economies flourished.

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    of 1

    KeypointsinEconomicalHistory

    Summaryofchapters1014ofStructureandChangeinEconomicHistory,DouglassC.North

    brieftimelineofcauses,factsandconsequences
    Regions/Nations

    Feudaltimes

    CommentsabouttheChurch

    lonelycenterof
    literacy(p.125)

    Europe

    DouglassC.North(exceptGermany)

    France
    Spain(andPortugal)
    NL
    UK

    Deustchland

    USA

    EarlyEuropeanEra

    1stIndRevolution

    Barbarians

    SacredGermanicEmpire(Churchcontrolled)

    n/a

    1492:Discovery<

    rediscovery(p.144)

    Napoleoninvades

    pluralism:USisa
    Federation

    its
    u

    bis

    hi

    timelineearly1800s

    Japan

    2ndIndRevolution

    Theneedtoestablisharegsourceofrevenuetorepaywarrelated throughouteconomichistory,theChurchlostisinfluenceduetoruptures(Protestantism,AnglicanChurch)andriseinliteracylevels.Themorepeopleread,
    loansdevelopedtherelationshipState+privatesector(p.140)
    themoretheyquestioneddogmas.TheChurchdidnotpaytaxesandassuchwasacompetitortotheState.
    early1800sriseof FrenchRestoration
    100ywar
    Napoleon
    (fallofNapoleon)
    arbitrarytaxation,
    maintainedold
    Overspendingking
    warexpenses,debt Napoleoninvades
    feudalvalues
    noguilds:sustainable
    int'ltrade
    growth
    est.privateproperty
    rights
    itsislandpositionhas HenryVIIIbreaks
    parliamentcontrols
    1781:SteamEngine
    p.172"seamlessnessinproduction"mass
    alwaysbeenstrategic
    fromChurch
    taxes
    1624:LawofPatents byJamesWatt
    production

    16031868EdoEra:
    Confucionism

    riddledw/wars

    Hierarchy,Honor

    1853:USforcesJPN
    toopenportto
    business

    constantpolitical/
    territorialturmoil
    catchesupestabilishingChemicalCo.(eg.
    MarxwritesDas
    Basf,Bayer,Hoescht)
    Kapital(1867)
    Effortsbyallthebig
    namestomakeprofit
    p.170protestant 1914:Fedisfounded inservices(p.197
    values:hardwork, Grangermovement: "gainsfrom
    sobrietyandthrift ruralvsurbanareas opportunism")
    p.190social
    <>
    Yataro(roninfamily):
    seenasa
    Mistubitshifounded
    troublemaker,geisha MeetsYoshida:foster
    severalname
    Nagasakiistheonly
    lover
    offoreigntrade
    changes
    foreigntradeport

    TheUSAreally
    developedafter
    1900s
    endof1800s

    Yataromovesto
    Tokyo:crazyprofits

    Govpartnerswith
    rivals"immoral
    profit"

    KeyFacts
    FalloftheRomanEmpire
    Feudalism

    keypoints

    Renaissance(revisitingGreek(classical)values)

    Enlightenment(philosophy+secularvalues)

    keypoints

    riseinneoclassical(sevular,non
    churchvalues

    EarlyEurope

    IndependenceoftheUnitesStates
    FrenchRevolution
    1stIndRevolution

    UnitedStatesfinallygetsridofUKinterference
    2ndIndRevolution

    9/29/2014

    warfare,famine,chaoticsituation(p.126)
    descentralizedpower,communitiesaroundastrongking(protection)inexchangeofjustice
    warriorclass:sortofaMafia:exploitedthepeasantclass
    riseincostsofsurviving,competitionforlaborputspressureonFeudalLords
    formationofstatenations:UK,Spain,France
    13th16thcent.
    Guilds(warriorclass)becameverypowerful:overlookedtaxpaymentsinSpandFr,wheretherewasaheavilybureaucraticsystem
    Germany:sabotagedbytheChurch,neverunified
    Netherlands:revoltedagainstSpaininthe16thcentury
    Between1350and1550,Europeexperiencedarebirth(renaissance)ofcommerce,interestintheclassicalculturesofancientGreeceandRome,andconfidenceinhumanpotential.
    14th17thcent.
    TheRenaissancebeganontheItalianpeninsulabecauseofitslocationasthegatewaytoEasterntrade.
    TheoutstandingfeatureofRenaissanceItaliansocietywasthedegreetowhichitwasurban.
    Renaissancevalueswerebasedontherevivalofhumanismthatis,aninterestinaneducationprogrambasedonthelanguagesandvaluesofClassicalGreekandRomancultures.
    Inthefifteenthcentury,RenaissancevaluesspreadnorthwardtotherestofEurope.
    Itwasaculturalmovementofintellectualsbeginninginlate17thcenturyEuropeemphasizingreasonandindividualismratherthantradition
    17th18thcent.
    theEnlightenmentperiodismarkedbyincreasingempiricism,scientificrigor,andreductionism,alongwithincreasingquestioningofreligiousorthodoxy.
    1.itwasegalitarian;
    2.itdiscussedthedomainof"commonconcern"
    3.argumentwasfoundedonreason.
    1776 foundingfathers:neoclassicalinfluence
    1789 thelandmarkofaseculargovernmentasweknowinmoderndays
    SteamEngineisalandmarkbutNorthpointsoutthatonlybecauseofENFORCEDPATENTLAW,PROPERTYRIGHTSANDCONTRACTStherewasencouragementforinnovation
    19thcentury
    p.160"whatwasnewwasthemagnitudeofthechanges,nottheirrevolutionarycharacter"
    propertyrightslaisserfaire
    warsbetweenuntil1814
    early19thcent.
    Technology
    early20thcent.
    9th13thcent.

    producedbyPauladeSouzaSroka
    coolpaulinha@gmail.com

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