Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Robert b marks origins of the modern world pdf

08/10/2021 Client: muhammad11 Deadline: 2 Day

Please Read The Requirement And Write The Essay

You should consult Robert B. Marks, The Origins of the Modern World: Fate and Fortune in the Rise of the West Roman and Littlefield, 4th or 3rd edition(Chaps 3) and David Landes, The Wealth and Poverty of Nations, 1999, W.W.Norton (Chaps 9 and Chap 10, pp173-85), and the lecture slides as you write your essays. Please read Dutch Golden Age Chaps 9-10 slides.

1. In the Dutch Golden Age, markets were more fully developed in the United Provinces than anywhere else in Europe. What kinds of markets existed? Why were they more fully developed than elsewhere? (Think about what markets need.)

2. What advantages did the United Provinces have over Portugal in their efforts to gain profits from their activities in the Indian Ocean? In other words, why were the Dutch able to replace the Portuguese as the dominant European power in the Indian Ocean?

Lecture 10 European Marriage Pattern

f19

European Marriage Pattern

Hajnal 1965; line from St Petersburg to Trieste

EMP to the west, other marriage pattern to the east and south

EMP especially strong in Low Countries and England

European Marriage Pattern

Marriage postponed until couple could support themselves; hence later age of marriage

New couple establishes separate household: nuclear family

Consent of each partner required

European Marriage Pattern

Church had tradition of respecting women, from early years of Church in Roman times

As pagan Europe was converted, marriages took place in Church

Church doctrine: marriage based on consent; firmly established in doctrine by 1100

Not readily accepted by aristocracy (why not?), but accepted by common people

EMP and markets

Existence of labor market (for servants, farm laborers, apprentices) made it possible for young people to set up separate household

Existence of EMP expanded the labor market

Existence of EMP expanded the capital market, esp for lifetime annuities

Children not responsible for taking care of parents (Korean problem today)

Labor and capital markets

Labor market penetration: 50% in Low Countries in 1500; around 2% in China in 1500

Capital market penetration to ordinary households in Low Countries by 1500; shares in voyages and companies down to small levels; tradable shares

Black Death 1350

Labor became scarce; land abundant; wages rose, land rents fell

New opportunities for those who survived; guilds accepted new members; more opportunities for women

Prosperity reinforced EMP and growth of markets

Investment in human capital

Literacy was 30-40% in Low Country towns in 1300s, and in Italian city states

In 1400s an increase in apprenticeships; girls worked as servants and acquired human capital there

In 1500s public schools; orphans taught to read in public orphanages, in prep for apprenticeships

Protestant Reformation

In Middle Ages, the Church dominated ideology and intellectual discourse

The popes and the curia pronounced doctrine

Monasteries and universities trained clerics

Parish priests delivered salvation

First two communicated in Latin, the last in the local vernacular

Domination by Catholic Church

Church got income from lands, tithes, and sale of indulgences

Substantial flow of resources from northern Europe to Rome

Powerful interest group; it defended its ideological monopoly by persecution of heretics

Communications Revolution

Very slow in Middle Ages; paper replaced parchment around 1100, but copying was very expensive

Printing press with movable type around 1450; Gutenberg was expert in inks and with winepress; cut the cost of copying to 3% of cost of scribe

Communications Revolution

Illiterate population; small market for books

Little incentive to learn to read

Resistance to printing press by scribes? Yes, in other cultures, but not effective in Europe

Printing press promoted standardization of the vernaculars; books were printed in them

Protestant Reformation

Luther 1517; partly a German reaction against Italian exploitation

You can achieve salvation by reading the scriptures yourself; you don’t need the parish priest to administer the sacraments

Higher literacy in the Protestant areas, reversing earlier pattern of higher literacy in southern Europe

CQ14 EMP

P

13

Why were Dutch prosperous?

Markets: what do markets need?

What types of markets?

What political institutions support markets?

First Modern State: United Provinces

UP: known as Holland, or the Netherlands

Collection of towns with assemblies and local administrations; run by 10,000 business people, dominated by a few hundred families

Constraints on executives; predictable rules; property rights respected

Substantial collection of taxes, on trade and land

First Modern State

Public schools, hospitals, health inspectors, safety net for the poor (good business to keep the peace), ports, harbors, canals, dikes

Effective army: drill instructors for musketeers, manuals, Dutch tactics spread across Europe

Netherlands preserved its independence while Italian cities fell victim to Spanish and French armies

Modern State

Financial Revolution: Dutch East India Company sold shares to the public; stock market; marine insurance, interest rates at 3-4%

All this supported by efficient information system: literate population, written materials, standardized contracts

Emergence of national consciousness

Institutional measures

Interest rates. High interest rates usually reflect high probability of default on the loan; lack of secure contract enforcement

Before modern era, interest rates typically above 30% (annual rate, perhaps 2-3% per month)

Interest Rates

Low Countries: rates fell from around 30% in early Middle Ages to 10% around 1250

Institutional changes: courts, law merchant, Community Responsibility System

Rates fell again to around 6% around 1450 (Black Death period; capital less scarce)

Rates were 3-5% in Holland in 1600s

Interest Rates

Why are interest rates important? Investment in physical and human capital; inventions

Impersonal exchange based on rule of law; large amounts of capital for trading ventures; UP state able to borrow from the public and from foreign publics; many small savers put their funds into Amsterdam financial market

Decentralized resource allocation

Skill premia

Construction workers: skilled workers versus unskilled wage premium

It partly reflects the cost of capital

Skill premium fell in Low Countries in parallel with decline in interest rates; from 100% down to 60% premium from 1250 to 1450

Low Countries: around 50% after 1600

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Homework Tutor
Instant Homework Helper
Quick Mentor
Engineering Guru
A+GRADE HELPER
Math Guru
Writer Writer Name Offer Chat
Homework Tutor

ONLINE

Homework Tutor

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$22 Chat With Writer
Instant Homework Helper

ONLINE

Instant Homework Helper

Give me a chance, i will do this with my best efforts

$46 Chat With Writer
Quick Mentor

ONLINE

Quick Mentor

Give me a chance, i will do this with my best efforts

$24 Chat With Writer
Engineering Guru

ONLINE

Engineering Guru

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$23 Chat With Writer
A+GRADE HELPER

ONLINE

A+GRADE HELPER

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$34 Chat With Writer
Math Guru

ONLINE

Math Guru

Give me a chance, i will do this with my best efforts

$32 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

The art - Successful writing at work online - Practical aviation & aerospace law workbook answers - Rapid fire fulfillment harvard business review - Draft complaint - PSY 361 -1 - Aic crime statistics australia - Prepare a classified balance sheet ignoring monetary amounts - Reflection - PCI Compliance - Ppt - Where are meteorite remains most commonly found - Customs brokers are usually compensated on - Scraped away eroded crossword clue - The buried giant symbolism - Www webtools citynet net - Jobek do brasil - Special occasion speech toast - Caesium chloride balanced equation - Explain the juxtaposition in poe's the tell tale heart - Css210 - Strayer week 2 discussion - Essay - Read the attachment and answer the question - Project crashing and resource leveling - The ugly american chapter summaries free - Murniz allen coson - Psychoanalysis was a therapy technique designed by - Fiu marketing certificates - Cr nh3 6 no3 3 element or compound - Bus driver riddle answer - Essay - What to do with a history degree besides teach - BusinessManagementEssay - Write an Essay about Hui Liu the Chinese Mathematician - Aci 318 appendix d - Superordinate goals psychology definition - Lección 6 lesson test vhl - Gift of friendship quotes - 258 kj to calories - And so it goes kurt vonnegut - Main thesis - Key concepts of international marketing - Advantages and disadvantages of probation and parole - Blind pianist who composed convoluted melodies over standard chord changes - Refer to the lincolnville school district bus data - A cranberry craving math problem answer - Dr richard samuels jodi arias - How is text messaging affecting teen literacy - T flip flop excitation table - Week 4 500 - The importance of being earnest prezi - Www ease ed ac uk - Nursing - Nightfall the ordeal torch in the night - Five flavors of dumb epub - Conflict between parris and proctor - Project - Competitive rivalry and competitive dynamics - Highered mcgraw hill osmosis animation - 0737179697 MAMA SHANANI ABORTION CLINIC IN LOUIS TRICHARDT THOHOYANDOU ELIM BETHLEHEM http://abortclinic.co.za - Return and Bonds Ratings - The new colossus questions - Twelve articles of the swabian peasants - Mesh analysis using matrix method - Parts of a stage - How to find the practical domain - Children's thinking siegler 4th edition pdf - Principles of Microeconomics - Examples of malapropism in much ado about nothing - Doric poem the puddock - Assignment - Ethical and Cultural Issues in Group Work - How to snipe elites in madden mobile - Factor tree of 32 - Spss reliability and validity test - Mcgraw hill marketing simulation answers - What is the book they say i say about - Intro to cartography - How to report cohen's d apa - Elt oup com student englishfile - What is gauge length in a tensile test - Allround cold medicine - Az 103 practice test - Https www youtube com watch v bink6r1wy78 - Student exploration calorimetry lab answers activity b - Week 1 Discussion Board - Wizard Kim - Simplify the expression 2 5i 1 5i - Phylum arthropoda worksheet answers - Elastic vs inelastic collision - PYS Assignment W8 - Boo berry muffin great notion - What is recommendation in report writing - External financing needed formula - Mkt 100 assignment 2 situation analysis - Katzensprung 1 workbook answers - What is an attributive tag - What rhymes with hammer - The crisis of credit visualized hd