Economics

Economics

1.  “The Rise of the West must be examined in global terms rather than with
reference  only  to  developments  within  Europe.  The  European success  was  part
of  a  competitive  race  within  a  single  global  economy  and  a  continuous  global
historical  process  of  economic  change.  The  conquest  of  the  Americas,  the
commandeering  of  global  trade  and  resources, and  the  Industrial  Revolution,
were all expressions of global competition whereby Europe was trying to muscle
in  on  Asian  economic dominance and  by-pass  the  Islamic empires.” Critically
discuss.

2.  Discuss  and  explain  some  of  the  ways  that  knowledge  of  the  evolution  of  the
world  economy  up  to  1800  might  help  us  understand  important  aspects  of  the
modern world of our own times.

3.  This chronological division of this course was between the ancient civilizations to
500 AD, the medieval period 500-1500, the early modern period 1500-1750, and
the  early  Industrial  Revolution  period,  1750-1800,  and  the  geographical  focus
was  largely  on  the  continent  of  Eurasia.  Critically  explain  and  discuss  the
economic and historical rationales for this division and focus, and suggest some
ways you think the chronological and geographical coverage of the course might
be improved.

4.  “The Industrial Revolution  was  the  result  of  a  long  process  of  social,  cultural,
scientific, commercial  and  economic  evolution  running  back to the  Middle  Ages.
The  greater  level  of this evolution  by  the late  18
th
century  was  an  important
reason  why  the  Industrial  Revolution  did  not  happen  earlier,  but the  path  to  the
Industrial Revolution began much, much earlier.” Critically discuss.

5.  Why  did  the  small  island  of  Great  Britain  play  such  a  decisive  role  in  the
economic history of the world by becoming the first industrial nation? Discuss.

6.  Why  did Western  European  nations  end  up  dominating the  rest  of  Asia and  the
rest of the world economically, politically and militarily, rather than the other way
around,  and,  among  Western  European  nations,  why did Great  Britain  in
particular  expand  its  wealth,  influence  and  power?  Also,  when  can  this
domination be most accurately dated from; 1000, 1200, 1500 or 1800? Critically
discuss.

7.  “The Industrial  Revolution was  first  and  foremost  a  technological  event, not  a
social,  cultural, institutional  or  scientific  one.  It  was  the  biggest  and  fastest
transformation of production in the history of the world, but the modern industrial
society  and  dominance  of  the  West  that  it  ended  up  leading  to  was  largely
unanticipated,  unforeseen  and  unintended  at  the  time.  The  European and  in
particular  British  path  was  extraordinary,  but  not  because  economic  and
technological  dynamism  was  unique  in  the  world only to  Europe  and  Britain,
relative to say India, China or the Ottoman and Persian empires for example, but
because  by the  18
th
century Europe  and  Britain  faced  particular pressures  and
challenges,  and  had  particular  opportunities  –  pressures,  challenges  and
opportunities that were largely absent elsewhere in the world.” Critically discuss.

8.  “There was only one route to the 21
th
century and it traversed Northern Britain in
the late 18
th
century. Britain at that time found itself, by chance and circumstance,
at  the  epicentre  of  a  revolution  in  manufacturing  and  transportation  that  would
forever alter the contours of world economic growth, and that instantaneously and
irreversibly altered the way people lived and worked.” Critically discuss.

9.  “The Industrial Revolution that  began  in of  the  late  eighteenth century was  the
most important break in the history of mankind since the Neolithic period and the
development of agriculture.” Critically discuss.

10. The  phenomenon  known  as  the  Industrial  Revolution  was  the  culmination  of  a
process  that  came  together  in  the  1700-1800  period  once a  critical  mass  of
circumstances came together is something like a “Perfect Storm.” It is easy to
describe what occurred, much more difficult to explain why it occurred, and why it
occurred where and when it did.” Discuss.

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