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Notes on video lecture:
The Benefits of Comparative Advantage
Notes taken by Edward Tanguay on February 22, 2016 (go to class or lectures)


Choose from these words to fill the blanks below:
industries, Syria, force, 1846, global, regulation, frontier, empire, alters, resistance, Jacksonian, wheat, interdependent, France, self, rights, institutionalized, grassroots, Peasants, fundamental, free, slave, utopia, Darwin, 1830s, Algérie, Indian, 1914, upheavals, frontier, economists, mercantilist, safety, Turkish, clocks, Tocqueville
transition from self-sufficient villages to societies
Marx observed this as to the system
the demise of empires
the end of the trade
the rise of labor
these were intensifying
painting: Pieter Bruegel's
taking a break from their work
they take a lot of breaks because they produce for their own needs
there are no
there are no assembly lines
you're producing for village needs
you're -sufficient
how trade changes the world
creation of interdependent societies
the village used to be largely self-sufficient
trade this system
societies become interdependent
urban
e.g. England
produces manufactured goods
rural
e.g. Argentina
export
there is interdependence
you no longer produce for your own subsistence needs
promote free trade with little
as they become more specialized, they become more productive, and as they become more productive, they become wealthier
to own property and to trade became basic
these became principles that would govern laws and institutions
David Ricardo
one of the first to observe these trends
promoted the idea of extreme industry specialization by nations, to the point of dismantling internationally competitive and otherwise profitable
there are benefits that come from comparative advantage
it was applied to parts of globe that did not necessarily want to be part of the system, i.e. did not want to be the weak exporters
free trade sometimes has to be imposed by
of societies at the arrival of the market place
merchants seen as the instruments that corroded older economies
Rebellion of 1857
a response to the dispossession of land
anger over taxes being levied by the East India Company
capitalism becomes
after Napoleonic wars, it would be free trade, and not old empires, that would pull the parts of the global system together
Marx
this resistence against capitialism were spasms of a dying -based world
saw capitalism as destiny
Marx not the only one who saw these trends
but Marx was unique in piecing the parts together
Alexis de
in the was sent to the United States to report back on innovations in the penitentary system
during the era
the ways in which capitalism was unfolding in the societies in the United States
found an egalitarian society with democracy
strength rested on power of civil society
wrote one of the great tracts called Democracy in America
it was obvious to de Tocqueville that America's thriving economic system depended on its
between the opportunities between the frontier for economic expansion
the United States could have capitalism without the which appeared to come inevitably in the other capitalist transformations in Europe, India, China and elsewhere
combination of a civil society and a frontier
1841 and traveled to north Africa
"Travail sur l' "
saw here a possibility for France to open up a frontier zone analogous to the opening of the frontier that the United States had
it's own valve
it's own opportunity to resolve the tension of capitalism by opening up the opportunity for others to settle land
describes an Algeria populated by Arabs on the coast
Berber tribes in the interior
all living within a decaying regime
these coastal plains were lying in wait for European settlers, for agrarian colonization
analogous to the United States
the conquest of Algeria could do for France what westward expansion could do for the United States
he expressed these thoughts as a member of 's Chamber of Deputes
from a 1840 speech: "What is now taking place in Egypt and in is only at the edge of a vast panorama, only the prelude to a dramatic action on a large scale. Do you know what is happening in the East? An entire world is changing. From the banks of the Indus to the shoes of the Black Sea, in that vast space, every society is being shaken, every religion is growing weaker, the nations are dying, every light is being extinguished, the ancient Asiatic world is disappearing. And we are seeing the European world gradually take its place. In our time, Europe is not merely nibbling away at one corner of Asia as Europe did in the days of the Crusades. It is attacking it to the north, the south, the east, the west, everywhere. It is puncturing the ancient world, enveloping it, subduing it."
arguing as Marx did that there was a destiny to the system that Europe had created
the growth of European expansion will see its climax in the First World War
ends with the guns of August
our first narratives of globalization
Marx
De Tocqueville
we can say that these people were both trying to envision a future but also looking at the world as it already was and trying to make sense of it
Spelling Corrections:
penitentary ⇒ penitentiary
resistence ⇒ resistance
Ideas and Concepts:
Insights into America's historical uniqueness, via this morning's History Since 1300 class: "It was obvious to de Tocqueville that America's thriving economic system depended on its frontier, which meant it could have capitalism without the upheavals which appeared to arise inevitably in the other capitalist transformations in Europe, India, China and elsewhere."
Via tonight's History Since 1300 class, from a speech given in 1840 by Alexis de Tocqueville after having seen America's Manifest Destiny in the North American West, predicting a Manifest Destiny in the Middle East for Europe: "What is now taking place in Egypt and in Syria is only at the edge of a vast panorama, only the prelude to a dramatic action on a large scale. Do you know what is happening in the East? An entire world is changing. From the banks of the Indus to the shores of the Black Sea, in that vast space, every society is being shaken, every religion is growing weaker, the nations are dying, every light is being extinguished, the ancient Asiatic world is disappearing. And we are seeing the European world gradually take its place. In our time, Europe is not merely nibbling away at one corner of Asia as Europe did in the days of the Crusades. It is attacking it to the north, the south, the east, the west, everywhere. It is puncturing the ancient world, enveloping it, subduing it."
