Continuity and Change in the Early Modern Global Economy. European World Week 4 Tuesday 22 October 2013, 12-1pm. Tutor: Giorgio Riello. Lecture Structure. The European economy, c. 1500 Rural and urban Rich and poor The trade economy Poles of economic growth The World beyond Europe
Continuity and Change in the Early Modern Global Economy
Tuesday 22 October 2013, 12-1pm
Tutor: Giorgio Riello
1530 Siege of Florence by Giorgio Vasari, 1558
The Arsenale in Venice
A market scene, Constantinople, sixteenth century
1. Large Scale manufacturing
Gallery of the Manufacture at Gobelins, c. 1735
The European Chartered Companies in Asia
After 1500 the Portuguese Carreira da India and after 1600 the Dutch (VOC) and the English East India Companies
1. They were joint stock companies: financed by a multitude of small shareholders
2. They enjoyed forms of privilege or monopoly over the routes to Asia given through a charter of patent.
3. They traded in a variety of commodities such as cottons, silks, porcelain.
4. They conquered key trading ports across Asia (start of Empire)
Kenneth Pomeranz, The Great Divergence (2000).
Prasannan Parthasarathi, Why Europe Grew Rich and Asia did Not (2010).