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Notes on video lecture:
The Expanding 19th Century Capitalist System
Choose from these words to fill the blanks below:
railroads, investments, savings, globally, third, Gujarati, China, hobbled, British, free, colonization, money, Persia, 1821, intensive, voluntary, Russia, deficits, surplus, poppy, opium, India, 1815, purveyors, hinterlands, pedestrian, advantage, lending, Portuguese, entrepôt
the                economy emerged over the course of the 19th century as the core of the core of an emerging capitalist world system
co-dependency between Britain and           
although India's participation in the system was not entirely                   
Indians because to resist the controls that the British imposed on the Indian economy
the reason why the controls were there because
Britain had enjoyed an trading                    in the world economy
faced growing competition, e.g. the United States, Germany, Japan,             
so to compensate from their trade deficits with the rest of the world, they enforced a trade                with India
in economic terms, three things were circulating globally
people
not just free-wage labor emerging
commodities
         flow of commodities
capital
free flow of capital
the capitalist class was emerging at the top of the system
people making money with           
how money circulated around the world
emergence of a new global class of capitalists
allowed Great Britain to compensate for its large trade                 
capitalists were making                        around the world
Britain became the banker of the world in the 19th century
also vast scores of petty capitalists involved
the ones really kept the system going
a modest, almost                      form of capitalism
the                  merchants of India
emerged of import                    of money
lent money to the cultivators in the hinterlands of            plants
paid them back with raw           
became important opium traders
sold their wares for money in Bombay
a network of money and opium flowing to and from the hinterlands and cities in India
began to bypass the East India Company and sold directly to           
vast trading systems running throughout India
by the middle of the century, these networks were openly challenging a                East India company
often operating with                      merchants in Goa
this infrastructure of credit and merchant transactions brought the Indian                        into a relationship with Chinese consumers of opium
this global, petty capitalism began to thrive
local trading being hooked up to global trading
global capitalist class
joint-stock companies
important purveyors of capital commodities around the world
important machines for moving capital around
pools of                would begin to collect in places like Amsterdam and London
investments could be put into companies so they could expand                 
after         , there was a transformation in the ways in which capital markets functioned
a transformation in the logic of the market places
in         , the bank of England made its bank notes convertible into gold
gave stability to the sterling
a world-wide measure of value to money
nation building meant building national currencies
led to the emergence of a new class
a merchant banking class
a demand for funds to build e.g.                   
merchant bankers played an important role in mediating the relationship between the supply of capital and demand for capital
and the most important                              for capital was London
banks owned by influential families
the Rothchilds
banks become lenders themselves
take their capital and choose which firms to support in order to increase profits
important for railroads, canals
ventures on this scale were capital-                  
we needed these bankers to play these kinds of roles
by 1914 London became the center of international               
by 1914: most funds went to
continental Europe
Russia into             
single largest borrower was: the United States
the world's largest borrower
approximately a            of all lending
in 20th century, less reliant on conquest and                         
this had profound effects on individual economies, peoples, and the environment

Vocabulary:

entrepôt, n. [EHN-treh-poh] a place where goods are stored or deposited and from which they are distributed  "Throughout the 19th century, merchant bankers played an increasingly important role in mediating the relationship between the supply of capital and demand for capital, and the most important entrepôt for capital was London."

Spelling Corrections:

PortugesePortuguese
convertableconvertible
Columbus and the New World
1500-1700 Indian Ocean Trading system
Da Gama, Pepper and World History
Portuguese Indian Ocean Empire
16th Century Colonialism Fueling European Violence
Global Food: European Sugar, Caribbean Plantations, African Slaves
16th and 17th Century Merchant Trading Companies
17th Century Interdependence of Trade and Investment
Francis Drake and Mercantilist Wars
The Apex and Erosion of the Mughal Empire
The Treaty of Westphalia as the Hinge of Modern History
The Influence of Silver on the Ming Dynasty
Political Reverberations of Ming Consolidation
18th China Resurgent as Qing Dynasty
18th Century Tea Trade, Leisure Time, and the Spread of Knowledge
Cook and Clive: Discoverers, Collectors and Conquerors of the Enlightenment
Strains on the Universality of the Enlightenment
The Enlightenment, Empire, and Colonization: Burke vs. Hastings
Enlightenment or Empire
18th Century Land Grabbing
The Industrial Revolution and the Transition of Non-Renewable Energy
The Seven Years' War and Colonial Revolutions
Napoleon, Spain, the Colonies, and Imperial Crises
Human Rights and the Meaning of Membership within Societies
Napoleon, New Nations, and Total War
The Ottoman Empire's 19th Century Tanzimat Reform
The Early 19th Century Market Revolution
The Global Upheavals of the Mid-19th Century
The Train, the Rifle, and the Industrial Revolution
Transition in India: Last of the Mughals
The Indian Rebellion of 1857 and Its Ramifications
Darwin's Effect on 19th Century Ideas
Factors Which Led to the Solidifying of Nation States
1868 Japan: The Meiji Restoration
1871: Germany Becomes a Nation
North American Nation-Building
19th Century Changing Concepts of Labor
The Benefits of Comparative Advantage
Migration after the Age of Revolutions
Creating 19th Century Global Free Trade
The Expanding 19th Century Capitalist System
The Second Industrial Revolution
The Closing of the American Frontier
Africa's Second Imperial Wave
Early 20th Century American Imperialism
1894-1905: Japan's Imperial Wave in Asia
Rashid Rida and 19th Century Islamic Modernization
19th Century Pan-Islam and Zionism Movements
19th Century Global Export-Led Growth
Indian Wars and Mass Slaughter of Bison
The Suez Canal's Effect on the Malayan Tiger
1890-1914: Savage Wars of Peace
1900-1909: Russian and Turkish Dynasties
1899-1911 The End of the Qing Dynasty
The 1910 Mexican Revolution
The Panic of 1907
Turn-of-the-Century Civilization and its Discontents
20th Century Questioning of Reason
Late 19th Century Anxieties of Race
The First World War
The End of WWI and the Attempt at Global Peace
The Influenza Pandemic of 1918-1919
The Wilson-Lenin Moment
1919 Self-Determination Movements in India
Post-WWI European Peace and Global Colonial Upheaval
1929 Economic Collapse