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Merchants and the Origins of Capitalism
Merchants and the Origins of Capitalism Sophus A. Reinert Robert Fredona Working Paper 18-021 Merchants and the Origins of Capitalism Sophus A. Reinert Harvard Business School Robert Fredona Harvard Business School Working Paper 18-021 Copyright © 2017 by Sophus A. Reinert and Robert Fredona Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Merchants and the Origins of Capitalism Sophus A. Reinert and Robert Fredona ABSTRACT: N.S.B. Gras, the father of Business History in the United States, argued that the era of mercantile capitalism was defined by the figure of the “sedentary merchant,” who managed his business from home, using correspondence and intermediaries, in contrast to the earlier “traveling merchant,” who accompanied his own goods to trade fairs. Taking this concept as its point of departure, this essay focuses on the predominantly Italian merchants who controlled the long‐distance East‐West trade of the Mediterranean during the Middle Ages and Renaissance. Until the opening of the Atlantic trade, the Mediterranean was Europe’s most important commercial zone and its trade enriched European civilization and its merchants developed the most important premodern mercantile innovations, from maritime insurance contracts and partnership agreements to the bill of exchange and double‐entry bookkeeping. Emerging from literate and numerate cultures, these merchants left behind an abundance of records that allows us to understand how their companies, especially the largest of them, were organized and managed. -
Iowans Harry Hopkins and Henry A. Wallace Helped Craft Social Security's Blueprint
Iowans Harry Hopkins and Henry A. Wallace Helped Craft Social Security's Blueprint FRANKLIN D. ROOSEVELT PRESIDENTIAL LIBRARY AND MUSEUM by David E. Balducchi staggering 25 percent of American workers were unemployed. Poverty rates for the el Aderly neared 50 percent. The spring of 1934 was a time of colossal hardship. In the months to come, however, Iowans Harry Lloyd Hopkins and Henry Agard Wallace would help invent the land mark Social Security Act, which would include un employment insurance. While Hopkins and Wallace are known as liberal lions of the New Deal in areas of work relief and agricultural policy, their influential roles on the cabinet-level Committee on Economic Security are little known. Harry Hopkins was born in Sioux City in 1890, where his father operated a harness shop. The family lived in Council Bluffs and a few other midwestern towns. When Hopkins was 11, they settled in Grin- nell; his mother hoped her children could attend col lege there. Hopkins graduated from Grinnell College in 1912 and then began to make a name for himself in child welfare, unemployment, work relief, and public health, particularly in New York City. Agree ing with New York Governor Franklin Delano Roos evelt's push for aggressive unemployment relief measures, Hopkins supported Roosevelt's presiden tial bid. In May 1933 he joined Roosevelt in Wash ington as the bulldog head of the Federal Emergency Relief Administration (FERA). His mastery of inter preting and carrying out Roosevelt's wishes later would make him the president's closest advisor. Iowa-born Harry Hopkins was a key m em ber on the cabinet- level Com m ittee on Economic Security. -
View of the New Deal at the National Level
“THE BEST FORM OF ASSISTANCE ALWAYS IS THE KIND THAT ENABLES FOLKS TO HELP THEMSELVES”: PUBLIC REACTION TO THE NEW DEAL IN HANCOCK, SENECA, AND WOOD COUNTIES OF OHIO Anthony J. Bolton A Thesis Submitted to the Graduate College of Bowling Green State University in partial fulfillment of the requirements for the degree of MASTER OF ARTS May 2021 Committee: Rebecca Mancuso, Advisor Michael Brooks © 2021 Anthony J. Bolton All Rights Reserved iii ABSTRACT Rebecca Mancuso, Advisor The Great Depression and New Deal had a profound impact on the United States. It led to the need for fundamental changes in the nation, especially regarding the federal government’s role and size. The beginning of the Great Depression marked the end of the “New Era” that the United States had experienced in the 1920s. However, one group of Americans—farmers—did not participate in this “New Era,” including those in three Northwestern Ohio counties: Hancock, Seneca, and Wood. This study analyzes through voting and media analysis how these three counties reacted to the Great Depression and the New Deal from 1929 to 1936. As the Depression continued to worsen, their suffering continued and even worsened, and with Herbert Hoover’s inability to provide relief or a path to recovery, these counties and the rest of the nation turned to Franklin Roosevelt and his promise of a “new deal” to provide that relief. Within these counties, the New Deal was initially seen as successful; however, it was soon seen as having a corrosive effect on traditional American values. Because of this, these counties rejected Roosevelt and the New Deal in 1936, while the rest of the nation overwhelmingly supported him. -
The International History Bee and Bowl Asian Division Study Guide!
The International History Bee and Bowl Asian Division Study Guide Welcome to the International History Bee and Bowl Asian Division Study Guide! To make the Study Guide, we divided all of history into 5 chapters: Middle Eastern and South Asian History, East and Southeast Asian History, US American History, World History (everything but American and Asian) to 1789, and World History from 1789-present. There may also be specific questions about the history of each of the countries where we will hold tournaments. A list of terms to be familiar with for each country is included at the end of the guide, but in that section, just focus on the country where you will be competing at your regional tournament (at least until the Asian Championships). Terms that are in bold should be of particular focus for our middle school division, though high school competitors should be familiar with these too. This guide is not meant to be a complete compendium of what information may come up at a competition, but it should serve as a starting off point for your preparations. Certainly there are things that can be referenced at a tournament that are not in this guide, and not everything that is in this guide will come up. At the end of the content portion of the guide, some useful preparation tips are outlined as well. Finally, we may post additional study materials, sample questions, and guides to the website at www.ihbbasia.com over the course of the year. Should these become available, we will do our best to notify all interested schools. -
Chapter 18: Roosevelt and the New Deal, 1933-1939
Roosevelt and the New Deal 1933–1939 Why It Matters Unlike Herbert Hoover, Franklin Delano Roosevelt was willing to employ deficit spending and greater federal regulation to revive the depressed economy. In response to his requests, Congress passed a host of new programs. Millions of people received relief to alleviate their suffering, but the New Deal did not really end the Depression. It did, however, permanently expand the federal government’s role in providing basic security for citizens. The Impact Today Certain New Deal legislation still carries great importance in American social policy. • The Social Security Act still provides retirement benefits, aid to needy groups, and unemployment and disability insurance. • The National Labor Relations Act still protects the right of workers to unionize. • Safeguards were instituted to help prevent another devastating stock market crash. • The Federal Deposit Insurance Corporation still protects bank deposits. The American Republic Since 1877 Video The Chapter 18 video, “Franklin Roosevelt and the New Deal,” describes the personal and political challenges Franklin Roosevelt faced as president. 1928 1931 • Franklin Delano • The Empire State Building 1933 Roosevelt elected opens for business • Gold standard abandoned governor of New York • Federal Emergency Relief 1929 Act and Agricultural • Great Depression begins Adjustment Act passed ▲ ▲ Hoover F. Roosevelt ▲ 1929–1933 ▲ 1933–1945 1928 1931 1934 ▼ ▼ ▼ ▼ 1930 1931 • Germany’s Nazi Party wins • German unemployment 1933 1928 107 seats in Reichstag reaches 5.6 million • Adolf Hitler appointed • Alexander Fleming German chancellor • Surrealist artist Salvador discovers penicillin Dali paints Persistence • Japan withdraws from of Memory League of Nations 550 In this Ben Shahn mural detail, New Deal planners (at right) design the town of Jersey Homesteads as a home for impoverished immigrants. -
COLD WAR, DETENTE & Post- Cold War Scenario
Lecture #01 Political Science COLD WAR, DETENTE & Post- Cold War Scenario For B. A.(Hons.) & M.A. Patliputra University, Patna E-content / Notes by Prof. (Dr.) S. P. Shahi Professor of Political Science & Principal A. N. College, Patna - 800013 Patliputra University, Patna, Bihar E-mail: [email protected] 1 Outline of Lecture Cold War: An Introduction Meaning of Cold War Causes of Cold War DETENTE End of Cold War International Scenario after Cold War Conclusion Cold War: An Introduction After the Second World War, the USA and USSR became two Super Powers. One nation tried to reduce the power of other. Indirectly the competition between the super powers led to the Cold War. It is a type of diplomatic war or ideological war. The Cold War was a period of geopolitical tension or conflict between two superpowers i.e., the United States of America and USSR, after World War-II. 2 The period is generally considered to span the Truman Doctrine (1947) to the dissolution of the Soviet Union (1991), but the first phase of the Cold War began immediately after the end of the Second World War in 1945. The conflict was based around the ideological and geopolitical struggle for global influence by the two powers. United States of America was a representative of Capitalistic ideology and Soviet Union was a representative of Socialist ideology. The United States created the NATO military alliance in 1949 in apprehension of a Soviet attack and termed their global policy against Soviet influence containment. The Soviet Union formed the Warsaw Pact in 1955 in response to NATO. -
Trianon 1920–2020 Some Aspects of the Hungarian Peace Treaty of 1920
Trianon 1920–2020 Some Aspects of the Hungarian Peace Treaty of 1920 TRIANON 1920–2020 SOME ASPECTS OF THE HUNGARIAN PEACE TREATY OF 1920 Edited by Róbert Barta – Róbert Kerepeszki – Krzysztof Kania in co-operation with Ádám Novák Debrecen, 2021 Published by The Debreceni Universitas Nonprofit Közhasznú Kft. and the University of Debrecen, Faculty of Arts and Humanities, Department of History Refereed by Levente Püski Proofs read by Máté Barta Desktop editing, layout and cover design by Zoltán Véber Járom Kulturális Egyesület A könyv megjelenését a Nemzeti Kulturális Alap támomgatta. The publish of the book is supported by The National Cultural Fund of Hungary ISBN 978-963-490-129-9 © University of Debrecen, Faculty of Arts and Humanities, Department of History, 2021 © Debreceni Universitas Nonprofit Közhasznú Kft., 2021 © The Authors, 2021 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopy- ing, recording, or otherwise, without the prior written permission of the Publisher. Printed by Printart-Press Kft., Debrecen Managing Director: Balázs Szabó Cover design: A contemporary map of Europe after the Great War CONTENTS Foreword and Acknowledgements (RÓBERT BARTA) ..................................7 TRIANON AND THE POST WWI INTERNATIONAL RELATIONS MANFRED JATZLAUK, Deutschland und der Versailler Friedensvertrag von 1919 .......................................................................................................13 -
Chapter One: Postwar Resentment and the Invention of Middle America 10
MIAMI UNIVERSITY The Graduate School Certificate for Approving the Dissertation We hereby approve the Dissertation of Jeffrey Christopher Bickerstaff Doctor of Philosophy ________________________________________ Timothy Melley, Director ________________________________________ C. Barry Chabot, Reader ________________________________________ Whitney Womack Smith, Reader ________________________________________ Marguerite S. Shaffer, Graduate School Representative ABSTRACT TALES FROM THE SILENT MAJORITY: CONSERVATIVE POPULISM AND THE INVENTION OF MIDDLE AMERICA by Jeffrey Christopher Bickerstaff In this dissertation I show how the conservative movement lured the white working class out of the Democratic New Deal Coalition and into the Republican Majority. I argue that this political transformation was accomplished in part by what I call the "invention" of Middle America. Using such cultural representations as mainstream print media, literature, and film, conservatives successfully exploited what came to be known as the Social Issue and constructed "Liberalism" as effeminate, impractical, and elitist. Chapter One charts the rise of conservative populism and Middle America against the backdrop of 1960s social upheaval. I stress the importance of backlash and resentment to Richard Nixon's ascendancy to the Presidency, describe strategies employed by the conservative movement to win majority status for the GOP, and explore the conflict between this goal and the will to ideological purity. In Chapter Two I read Rabbit Redux as John Updike's attempt to model the racial education of a conservative Middle American, Harry "Rabbit" Angstrom, in "teach-in" scenes that reflect the conflict between the social conservative and Eastern Liberal within the author's psyche. I conclude that this conflict undermines the project and, despite laudable intentions, Updike perpetuates caricatures of the Left and hastens Middle America's rejection of Liberalism. -
He Ideals of the Eas Ith Special Refereno O The
HE I DEALS OF THE EAS I TH SPECI AL REFERENO O THE A R T O F J A PA N " 11 7 3 2. BY KAKUZO O KAKURA L O N D O N J O HN URRAY ALBE ARLE S TREET M , M 1905 PRE FATO RY NO TE wishes to point ou t tha t this book is wr i tten in by a na i a n t ve qf J ap . CO N TE N TS I NTRODUCTI O N THE RANGE O F I DEALS THE PRI MITI VE A RT O F J APAN CON FUCIANI S M NO RTHERN CH I NA LAO I S M AND TAO I S M — S O UTH ERN CH I NA BUDD H I S M AND INDIAN ART — THE AS UKA PERI OD ( 5 5 0 700 A .D .) — 1 08 THE NARA PE RI OD (700 8 00 A .O .) - 1 28 THE HEIAN PERIOD (8 00 900 AD .) W — THE FUJ I ARA PE RIOD (900 1200 A.D .) K K 1 2 - 40 A D THE AMA URA PERIOD ( 00 1 0 . .) 1 4 0- 1 w AS HI KAGA PERI OD ( 0 600 .) Vll C ONTENTS PAGE TOYOTO MI AN D EARLY TO KUGAWA — PERI OD ( 1 600 1 700 A n.) LATER TO KU GAWA PERIOD ( 1 700. 1 8 5 0 A .D .) THE M EIJI PERI OD ( 1 8 5 0 TO THE PRESE NT DAY ) THE V I STA I N T R O D U C T I O N K A KUZ O K A KURA t his O , the author of work on Japanese A r t Ideals— and the t future au hor, as we hope , of a longer and completely illustrated book on the same subject— has been long known to his own people and to others as the foremost living authority on Oriental Archaeology and Art . -
The Origins and Development of Financial Markets and Institutions: from the Seventeenth Century to the Present
This page intentionally left blank The Origins and Development of Financial Markets and Institutions Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world’s financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of original essays, leading financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arr- angements forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been success- ful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of coordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians. JEREMY ATACK is Professor of Economics and Professor of History at Vanderbilt University. He is also a research associate with the National Bureau of Economic Research (NBER) and has served as co-editor of the Journal of Economic History. He is co-author of A New Economic View of American History (1994). LARRY NEAL is Emeritus Professor of Economics at the University of Illinois at Urbana-Champaign, where he was founding director of the European Union Center. He is a visiting professor at the London School of Economics and a research associate with the National Bureau of Economic Research (NBER). -
Democratic Policy Council Release: Nixonomics
NOYIClE: PHOYOCOPllElO CJlfJilnl,(tllli. CODE). o ADVANCE FOR RELEASE: SUNDAY AMs 3 APRIL 23, 1972 DNC-72-34 o ~ [. 3 o IINIXONOMICS -- A RECORD OF ECONOMIC POLICY "< MISJUDGMENT AND MI SMANAGEMENT II , DEMOCRATIC,POLICY GROUP CHARGES ::1 2- . 0: 'niCD II'., "; ~lH' :',ll:.t ',;; . WASHINGTON, April 22 -- In a report to the 1972 Democratic ' () o .11'j' '\ .1., .' " ::1 ti.,j,~': }l"t\ait~'orm 'committee, the Economic Affairs Committee of the Democratic co I CD I I " L • '" CD '"0" ] ': I '. '~l Policy Council held the Nixon Administration's mismanaged economic ::1 0..' 9.. c n ~ policies responsible for lIaccelerated inflation, rising unemployment, '"(I) '"(I) o n the first recession in a decade, a staggering loss of production, the :::r o ::1 0.. first international trade deficit in many decades, and a forced reducti n U'l co.. (i)" in the international value of the dollar.1I '" () (I) ::1 Prepared under the chairmanship of Gardner Ackley, and ~ () vice chairmanship of Walter W. Heller, both former CEA chairmen, o the report is the fifth in a series of issue papers to be released co::1 by Democratic National Chairman Lawrence F. O'Brien, under a new CD '" convention procedure recommended by the O'Hara Commission. 0''" ::1 9.. » In reviewing the deterioration of the economy under n :::r Mr. Nixon, the report charges: liThe disastrous outcome of Nixonomics ~' stems directly from the notorious 'game plan'. It was anchored in the ~ C stubbornly held belief that the only effective way to curb inflation ::1 <" :.:'1 ~~, to tighten the screws on the economy until rising unemployment (I) "j'I:W:bll limit wage advances and dwindling markets will hold down prices. -
Japanese - American Relations, 1941: a Preface to Pearl Harbor
Western Michigan University ScholarWorks at WMU Master's Theses Graduate College 4-1966 Japanese - American Relations, 1941: A Preface to Pearl Harbor Edward Gorn Western Michigan University Follow this and additional works at: https://scholarworks.wmich.edu/masters_theses Part of the History Commons Recommended Citation Gorn, Edward, "Japanese - American Relations, 1941: A Preface to Pearl Harbor" (1966). Master's Theses. 3852. https://scholarworks.wmich.edu/masters_theses/3852 This Masters Thesis-Open Access is brought to you for free and open access by the Graduate College at ScholarWorks at WMU. It has been accepted for inclusion in Master's Theses by an authorized administrator of ScholarWorks at WMU. For more information, please contact [email protected]. JAPANESE - AMERICAN RELATIONS,- 1941: A PREF ACE TO PEARL HARBOR by Edward Gorn A thesis presented to the Faculty of the School of Graduate Studies in partial fulfillment of the Degree of Master of Arts Western Michigan University Kalamazoo, Michigan April 1966 PREFACE There are as many interpretations as there are writers on the positions of American foreign policy during the diplomatic negotia tions with Japan in 1941. Hi.storians supporting President Roosevelt's 1 position tend to blame Japan s imperialism and expansionism as one of the main causes of the war. Revisionist historians like Charles Beard, Harry Elmer Barnes, and Charles Tansill, place the responsibility for Japan's declaration of war and surprise attack on the intransigent approach of the Roosevelt administration. To place the full burden of responsibility for the failure of negotiations on either Japan or the United States is to over--simplify the complex events of 1941.