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A.d. 1701 to 1800

Backward to A.D. 1601 to 1700

This century saw the gradual development of the idea of "Powers" rather then kings, as the dominant factors in international affairs, although prior to 1750 almost all people of the globe were ruled by hereditary rulers

Exceptions were Switzerland and a few German and Italian cities. (Ref. 213 )
. It was a century of constant warfare with revolutions appearing at the end of the period, in multiple quarters. Great fortunes were made by men who equipped armies, but sugar and slave merchants of many countries were not far behind. (Ref. 213 ) The world production of gold more than doubled between 1720 and 1760 and some other metals increased still more. Braudel (Ref. 260 ) emphasizes still another aspect of the 18th century in that in both China and Europe the ancient biological balance of births to deaths at 40 per 1,000 each, was shattered - probably because of better crops and some control over disease. A demographic explosion resulted as births gained over deaths, but the basic civilizations changed little. For example, non-European societies, with the exception of China, had little furniture - there were essentially no chairs or tables in India or black Africa. Even the Russians had few tables and the Muslims all sat on cushions. There was not a fireplace in the whole of Turkish Islam, India or Japan. The Japanese used hot baths heated by wood fires as a means of keeping warm as much as keeping clean. Some northern Chinese homes, however, were heated by pipes under the floors, stoked from outside. Most of China did have elaborate furniture. (Ref. 260 )

Almost every country had its peddlers, who although usually poor, were merchants carrying their meager stock on their backs and filling in the gaps in the regular channels of distribution. In backward regions economically, such as Poland, the peddlers actually dominated trade. All the glassware of Europe was distributed by peddlers, even to Scandinavia, England, Russia and the Ottoman Empire. (Ref. 292 )

The christian church and the papacy

The "Age of Enlightenment"

This is Durant's terminology. (Ref. 52 )
of this century continued the process of diminishing power and importance of the papacy. The Spanish Church became practically independent of Rome and under government control. (Ref. 222 ) The Church's objection to usury continued to be a problem in the Christian world. Pope Benedict IV led a vigorous re-affirmation of the ancient restrictions on lending at interest in 1745. In 1777 a judgment of the Paris Parliament forbade any usury prohibited by the canons of the Church and it continued to be an offense in France until 1789. However, in general, the quarrel really terminated in the latter half of the century when a distinction was made between "usury", meaning excessive rates of interest and the regular price of borrowing money. (Ref. 292 )

The Society of Jesus was abolished by the pope in 1773. At the end of the century, incident to the anti-clericalism of the French Revolution, a French army invaded the papal territory, set up a revolutionary Roman Republic (1798) and took Pope Pius VI off to France where he died with a year. (Ref. 52 , 119 ) Methodism, one of the new branches of Protestantism, was developed in England. This will be further discussed in this chapter under the section on ENGLAND.

Islam

Through this century the entire Moslem world continued to be dedicated to its original concepts. Islam was not based on the world of Greece and Rome, but had been grafted on to the old Middle East, which was basically a trading civilization. The Muslim economy was an inherited set of trade links running between the merchants of Spain, North Af rica, Syria, Mesopotamia, Abyssinia, the Malabar coast, China and the East Indies. They inherited their gold dinar from Byzantium and their silver dirhem from Sassanid Persia. Mohammed himself had said: "He who makes money pleases God". (Ref. 292 ) Thus, Muslim merchants always enjoyed the best of considerations from their political rulers.

International jewry

In the Middle East, as well as central and western Europe, Jews were tolerated and generally well treated in this century, except that Empress Maria Therea launched a program to drive them from Bohemia and Moravia in 1743. (Ref. 222 ) In Russia the merchants of Moscow complained in 1790 that they were being undercut in pricing by Jews and rural tavern owners resented their competition in that field. To solve the latter problem, in 1795 Catherine ordered that Jews be allowed to register and obtain civil rights only in towns, thus effectively eliminating them from rural tavern operations. Finally, Jews were allowed to settle only within certain regions of Russia, which by 1800 included all Polish territory claimed by Russia and most of southern Russia, including Kiev and the Crimea.

Forward to A.D. 1801 to 1900

Questions & Answers

it is the relatively stable flow of income
Chidubem Reply
what is circular flow of income
Divine Reply
branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
poudel Reply
is gdp a reliable measurement of wealth
Atega Reply
introduction to econometrics
Husseini Reply
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Tom
Why is unemployment rate never zero at full employment?
Priyanka Reply
bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Waeth
discus major problems of macroeconomics
Alii Reply
what is the problem of macroeconomics
Yoal
Economic growth Stable prices and low unemployment
Ephraim
explain inflationcause and itis degre
Miresa Reply
what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
Chisomo Reply
how to calculate actual output?
Chisomo
how to calculate the equilibrium income
Beshir
Criteria for determining money supply
Thapase Reply
who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
Mercy Reply
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money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
all of you please speak in English I can't understand you're language
Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
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Kalombe
hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
Galge Reply
if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
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Source:  OpenStax, A comprehensive outline of world history. OpenStax CNX. Nov 30, 2009 Download for free at http://cnx.org/content/col10595/1.3
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