Friday, September 30, 2011

The Commerce Revolution (September 26, 2011)

Technology of the worker productivity and raised wages on steam power engines and created surplus.

What made this enterprise possible?
Chinese developed gunpowder, floss, toothpaste, toothpicks, ships, and the compass.
New way of life grew from the way of life and it took 400-500 years to get there.
  • It slowed decay of religious domestication.
  • Nationally and the laws were comfortable around one another. An example would be how the United States does not need to ask for ID every time they cross the borders. 
  • Technological advancement and creation of productivity.
  • Since made little discovery in the commerce revolution.
    • One electricity did elaborate through factories and it helped the inventions of telegraphs.
  • Connected to groups of small people stole ideas of the art industry and innovated it.
  • Technology of defense outweighted the technology of offense.
  • Boiling the state is extremely difficult to balance so it can protect the merchant but not overwhelm it with power.
  • Christianity was good for ideology and helped pass the laws towards it's citizens.
Mercantilism
  • Reign with the Feudal system till 1800's, or progressive corporatism.
  • Where kinds oversea and plan all of the economic duties
    • Heavy restraints due to the state
    • Crafted guilds
    • Licensing
    • Government granted monopolies
    • Import and export regulations
    • Indoor and outdoor restrictions
    • Limits on domestic productions
    • Extensive price control
    • Wage controls
  • People who were caught not doing these kind of things were not fined or sent to jail. It was a lot worst.

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