-
Jan 1, 1200
the Guild System (1200s-1300s) pt.1
In Germany, textile guilds began as early as 925. The guild system was the production, finishing, and dyeing of cloth in a specialized industry. Powerful merchants came from successful guild systems, as well as fortunes from men outside of the nobility. The towns of the Middle Ages (5th to 15th century) were filled with shops and artisans such as drapers, cobblers, dressmakers, hat makers, and embroiderers. -
Jan 1, 1200
the Guild System (1200s-1300s) pt.2
Half of the population in textile centers in Bruges, Ghent, and Ypres were employed in business. Merchants in the north imported wool from England, and shipped it across the channel to Bruges where it was woven and dyed. In Florence there was 21 guilds throughout the 13th century. Italy competed with England by importing unfinished cloth and dyeing it to make a profit. -
Period: Jan 1, 1200 to
WORLD HISTORY TIMELINE
capitalism and socialism did not have pictures becuase none of the picture found were credible. -
Jan 1, 1500
The slave Trade (1500s-1600s) pt.1
The slave trade began around 1500 due to a demand for cheap labor for European colonists in the Americas. These European traders initially came to Africa in search of trading gold, but when they saw the need for cheap labor in the Americas, slavery became the answer. By 1650, 300,000 Africans labored throughout Spanish America on plantation and in gold and silver mines. -
Jan 1, 1500
The Slave trade (1500s-1600s) pt.2
Because of this supply of cheap labor, Brazil dominated the European sugar market. More than 40% of Africans brought to Americas went to Brazil. The triangular trade was the transatlantic trading network along which slaves and other goods were carried between Africa, England, Europe, West Indies, and colonies in the Americas. It was a massive enterprise between 1500 and 1600. -
Mercantilism (1600s) pt.1
During the period of mercantilism, Britain made policies that restricted the ability of other nations to trade between England and its colonies. During the Napoleonic Wars, governments made it difficult for governments to export goods, such as gold. With fewer exports, and an absence of gold, a country’s economy greatly diminished. -
Capitalism (1600s) pt.1
Capitalism is an economic system based on the private ownership and investment of resources, such as money as a profit. This economic system was supported by British economists, Thomas Malthus and David Ricardo, who believed that the natural laws governed economic life; law of self interest, law of competition, law of supply and demand). They believed that the government should not interfere with the economy. -
Capitalism (1600s) pt.2
Merchants invested their money in trade and overseas exploration to obtain great wealth. As a result of this, the nation’s increased in money supply and it also brought inflation, or a steady rise in the price of goods. -
Dutch West India Company (1600s) pt.1
The Dutch claimed the region along the waterways of the Hudson River, Hudson Bay, and Hudson Strait; it was there where they established a fur trading enterprise with the Iroquois Indians to make a profit. The Dutch built trading posts along the Hudson River and formed the formed the Dutch West India Company. In 1621, the Dutch government granted the company permission to colonize the region to expand the fur trade. -
Virginia Company (1600s)
The Virginia Company established a colony in Jamestown with a goal to make a profit. However, there were no minerals, or crops on the land, and it was not until 1612 when John Rolfe began growing tobacco. It became a huge cash crop and was in high demand in England. Rolfe responded to this demand, by importing seeds from the West Indies and growing the plant in Jamestown. Each year, by 1630, over a million and a half pounds of tobacco were exported. The high demand brought indentured servants, -
British East India Company (17th century) pt.1
The British East India Company entailed a group of British traders who sailed to India to come into the spice trade. Originally they pursued to just trade, but soon they comprehended that, if they wanted success, they would need to control the subcontinent. The Company was not government-funded, rather a joint-stock corporation ran by individual shareholders. The chief persistence behind the British East India Company was to compete with the Dutch traders who were overpricing spices. -
British East India Company (17th century) pt.2
The Company originally set up boundary markers that were known for spices and was cited in the East Indies. The Dutch did not permit the British to trade so they went to neighboring India and traded with the Mughal Empire. The British dispatched spices, textiles, coffee, and other merchandises to Europe. After some time, the British began to verdict it tough to stay out of administrative happenings such as trading rights and military assistance. -
British East India Company (17th century) pt.3
The Company soon began using their pre-existing networks with authority to upsurge their political and economic power in India. When the Company sought after more takings, they rotated to trading other goods with the nawab of Bengal not firstly in their indenture. The nawab then killed 40 of the British associated with the British East India Company as a sign of defense, being as they saw the British actions as a threat. -
British East India Company (17th century) pt.4
About the same time, Britain was fighting the War of Austrian Succession against France, Prussia, and Spain. The Company manufactured obstructions around its warehouses in Calcutta to protect them from French threats, as the War was taking place in both Europe and end to end to the Indian coast. -
Dutch West India Company (1600s) pt.2
the company permission to colonize the region to expand the fur trade. -
Mercantilism (1600s) pt.2
Mercantilism was the theory that the country’s power depended mainly on its wealth; this wealth allowed nations to purchase goods. Mercantilism increased a nation’s wealth in two main ways: by obtaining as much gold and silver and establishing a favorable balance of trade. The goal of mercantilism was to become self-sufficient, not dependent on other countries’ for goods. It was believed that if a country had more gold it was “better off”, or stronger economically. -
Industrialization (18th century) pt.1
The Industrial Revolution was the time epoch when new machinery advances changed the accuracy and efficiency of how goods were formed. The Agricultural Revolution directed the way for the Industrial Revolution by varying the way crops were grown and maintained. Farmers started to foster larger fields called enclosures, underwriting to the Industrial Revolution by forcing small farmers to part with farming and move to the cities. -
Industrialization (18th century) pt.2
The crop rotation system led to intensification in food supplies and living conditions, therefore causing a population escalation. An escalation of population led to an increase in food and cloth for clothes, so people began moving to the cities. The Industrialization was a probable start in Britain because it had all the factors of production: land, labor, and capital (wealth). Inventions, which started in the textile industry, prejudiced industrialization. -
Industrialization (18th century) pt.3
Wealthy textile merchants created machines to make the tedious fabrication process more efficient. Soon they began bringing their work out of their houses and into these huge buildings they then called factories. Transportation of all sorts, such as the railroad and steamboat, came from the inventions in the textile industry. Positive effects subsequent from the Industrial Revolution included creating jobs, raising the standards of living, and bringing about a sense of hope in people’s lives. -
Socialism (mid 19th century) pt.1
Socialism was a monetary system generated chiefly by French reformers Charles Fourier and Saint-Simon where everyone was eligible for the same prosperity and assets. Early socialists desired the government to keenly “blueprint” their economy, contrary to having the free-market capitalism in charge. The free-market capitalism kept every aspect of fabrication confidentially retained and capitalized money for a later profit. -
Socialism (mid 19th century) pt.2
The capitalistic economy is based on everyone doing what will value them single-handedly. Socialists wanted the government to be in rheostat of their main industries (factories, mines, railroads) so they would have more equality through public ownership. -
Opium Wars (1839-1860) pt.1
The First Opium War (1839-42) was brawled between China and Britain, and the Second Opium War (1857-59) was scrapped between Britain and France against China. Both were about China trying to stop the trade of opium that was being conducted by the British. Opium is a sedative drug that is acquired to produce heroin, morphine, and codeine. -
Opium Wars (1839-1860) pt.2
The British were ascertaining it in immature seeds of opium poppy, illegitimately transferring it to India, and vending the drugs to China. The Chinese were becoming hooked on the opium, which was detrimental to the economy and good fortune of the publics. When the Chinese strained to warn the British government the perils of the opium trade, the government repudiated to listen and war broke out. -
Age of Imperialism (1850-1914) pt.1
Imperialism is the annexation of a country or territory by a stouter country. The Age of Imperialism was sparked by racism from the Europeans as they continued to believe that any race other than European was to be reflected a minority. Imperialism of Africa by Europe was promoted by several factors. The Europeans were so much further advanced in technology. -
Age of Imperialism (1850-1914) pt.2
For example their conception of the automatic machine gun was the first in the world, the steam engine provided easy transport, and their faultlessness of drug quinine protected them from malaria. Africa was vulnerable because they were not unified due to the diversity of language and lifestyles. Because these factors put Europe in a favorable situation, they took the opportunity to invade Africa.
