- Read: Overview of New Economic Systems
- No questions for credit but read for this week’s activities. If you prefer having questions to help with notetaking, here you go:
- In what ways was the European use of credit in this period a continuation of older practices? In what ways was it a change?
- What was the impact of Fibonacci’s book, according to the author?
- Why was a bill of exchange useful?
- What financial innovation did the British East India Company and Dutch East India Company rely on?
- What was the economic role of colonies, for Europeans in this era?
- No questions for credit but read for this week’s activities. If you prefer having questions to help with notetaking, here you go:
- Watch: Capitalism and the Dutch East India Company
- No questions for credit but read for this week’s activities. If you prefer having questions to help with notetaking, here you go:
- 3:45 Why did the Dutch enter into trade in southeast Asia?
- 6:02 What was the VOC and why was it formed? What powers did it have?
- 6:56 How did low interest rates help the Dutch?
- 7:36 Why was it easy for Dutch citizens to invest?
- 8:15 What were some important financial technologies used by the Dutch?
- 9:03 What key advantage did the VOC have over British companies?
- 12:29 How did the Dutch control trade in Southeast Asia?
- 13:30 What caused the VOC to decline and eventually go bankrupt?
- 13:51 Why isn’t the VOC a good example of modern free market capitalism, according to John Green?
- Does the example of the VOC support or contradict the argument, made elsewhere in this unit, that capitalism was the main system supporting European overseas trade in this period? Why?
- John Green closes the video by claiming that, “the VOC provides a chilling example of what has happened in the past when corporations become more powerful than states.” Is this convincing? What other sources or facts support, extend, or challenge this assertion?
- No questions for credit but read for this week’s activities. If you prefer having questions to help with notetaking, here you go:
- Read: Race and Coerced Labor I – How did People Become Property
2024-09-15