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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. -
The Evolution of Hospitals from Antiquity to the Renaissance
Acta Theologica Supplementum 7 2005 THE EVOLUTION OF HOSPITALS FROM ANTIQUITY TO THE RENAISSANCE ABSTRACT There is some evidence that a kind of hospital already existed towards the end of the 2nd millennium BC in ancient Mesopotamia. In India the monastic system created by the Buddhist religion led to institutionalised health care facilities as early as the 5th century BC, and with the spread of Buddhism to the east, nursing facilities, the nature and function of which are not known to us, also appeared in Sri Lanka, China and South East Asia. One would expect to find the origin of the hospital in the modern sense of the word in Greece, the birthplace of rational medicine in the 4th century BC, but the Hippocratic doctors paid house-calls, and the temples of Asclepius were vi- sited for incubation sleep and magico-religious treatment. In Roman times the military and slave hospitals were built for a specialised group and not for the public, and were therefore not precursors of the modern hospital. It is to the Christians that one must turn for the origin of the modern hospital. Hospices, originally called xenodochia, ini- tially built to shelter pilgrims and messengers between various bishops, were under Christian control developed into hospitals in the modern sense of the word. In Rome itself, the first hospital was built in the 4th century AD by a wealthy penitent widow, Fabiola. In the early Middle Ages (6th to 10th century), under the influence of the Be- nedictine Order, an infirmary became an established part of every monastery. -
Medieval Heritage and Pilgrimage Walks
Medieval Heritage and Pilgrimage Walks Cleveland Way Trail: walk the 3 miles from Rievaulx Abbey, Yorkshire to Helmsley Castle and tread in the footsteps of medieval Pilgrims along what’s now part of the Cleveland Way Trail. Camino de Santiago/Way of St James, Spain: along with trips to the Holy Land and Rome, this is the most famous medieval pilgrimage trail of all, and the most well-travelled in medieval times, at least until the advent of Black Death. Its destination point is the spot St James is said to have been buried, in the Cathedral of Santiago de Compostela. Today Santiago is one of UNESCO’s World Heritage sites. Read more . the Cathedral of Santiago de Compostela holds a Pilgrims’ Mass every day at noon. Walk as much or as little of it as you like. Follow the famous scallop shell symbols. A popular starting point, both today and in the Middle Ages, is either Le Puy in the Massif Central, France OR the famous medieval Abbey at Cluny, near Paris. The Spanish start is from the Pyrenees, on to Roncevalles or Jaca. These routes also take in the Via Regia and/or the Camino Frances. The Portuguese way is also popular: from the Cathedrals in either Lisbon or Porto and then crossing into Falicia/Valenca. At the end of the walk you receive a stamped certifi cate, the Compostela. To achieve this you must have walked at least 100km or cycled for 200. To walk the entire route may take months. Read more . The route has inspired many TV and fi lm productions, such as Simon Reeve’s BBC2 ‘Pilgrimage’ series (2013) and The Way (2010), written and directed by Emilio Estevez, about a father completing the pilgrimage in memory of his son who died along the Way of St James. -
Everyday Life: the Middle Ages
Everyday Life: The Middle Ages Medieval Towns icture yourself and a friend walking happily down a street in a town of medieval times. Together you are discussing plans for the evening, and P neither of you has any idea of the catastrophe that is about to unfold. As you round a corner, you hear a shrill voice coming from the window of a house six stories above the street. The voice belongs to a lady issuing a warning that roughly translates into “look out below!” Before you can take evasive action, you are suddenly drenched with a bucket of gooey garbage. Your nose tells you it is a mixture of black pudding, beans, and the remains of eels the family on the sixth floor had for dinner. Do you angrily make your way up to the room from whence came the garbage and express your displeasure? Do you threaten to punch the lady’s husband in the nose? Of course not. You brush yourself off as best you can and go on your way. If anyone is to be scolded, it is you for not having jumped out of the way quickly enough. Garbage (and worse) being thrown into the street was a common practice in medieval towns. Even birth and rank held no privilege when it came to being hit with something unpleasant. No less a person than King Louis IX of France was himself doused with the contents of a chamber pot while strolling along a Paris street one fine day. In the absence of any kind of sanitation service, people did the natural thing and tossed their waste wherever it might fall. -
A Century of Turmoil
356-361-0314s4 10/11/02 4:01 PM Page 356 TERMS & NAMES 4 •Avignon A Century • Great Schism • John Wycliffe • Jan Hus • bubonic plague of Turmoil • Hundred Years’ War MAIN IDEA WHY IT MATTERS NOW • Joan of Arc During the 1300s, Europe was torn apart Events of the 1300s led to a change in by religious strife, the bubonic plague, attitudes toward religion and the state, and the Hundred Years’ War. a change reflected in modern attitudes. SETTING THE STAGE At the turn of the century between the 1200s and 1300s, church and state seemed in good shape, but trouble was brewing. The Church seemed to be thriving. Ideals of fuller political representation seemed to be developing in France and England. However, the 1300s were filled with disasters, both natural and manmade. By the end of the century, the medieval way of life was beginning to disappear. A Church Divided At the beginning of the 1300s, the papacy seemed in some ways still strong. Soon, however, both pope and Church were in desperate trouble. Pope and King Collide The pope in 1300 was an able but stubborn Italian. Pope Boniface VIII attempted to enforce papal authority on kings as previous popes had. When King Philip IV of France asserted his authority over French bishops, Boniface responded with a papal bull (an official document issued by the pope). It stated, “We declare, state, and define that subjection to the Roman Vocabulary Pontiff is absolutely necessary for the salvation of every Pontiff: the pope. human creature.” In short, kings must always obey popes. -
Br 1100S, Br 1300S
BR 1100S, BR 1300S PARTS LIST Standard Models After SN1000038925: 56413006(BR 1100S), 56413007(BR 1100S C / w/sweep system), 56413889(OBS / BR 1100S C / w/o sweep system) 56413010(BR 1300S), 56413011(BR 1300S C / w/sweep system), 56413890(OBS / BR 1300S C / w/o sweep system) Obsolete EDS Models: 56413785(BR 1100S EDS), 56413781(BR 1100S C EDS / w/sweep system), 56413782(BR 1300S EDS), 56413783(BR 1300S C EDS / w/sweep system), 56413897(BR 1100S C EDS / w/o sweep system) 56413898(BR 1300S C EDS / w/o sweep system) 5/08 revised 2/11 FORM NO. 56042498 08-5 TABLE OF CONTENTS 10-7 BR 1100S / BR 1300S 1 DESCRIPTION PAGE Chassis System ................................................................................................................................................. 2-3 Decal System ..................................................................................................................................................... 4-5 Drive Wheel System........................................................................................................................................... 6-7 Drive Wheel System (steering assembly) .......................................................................................................... 8-9 Electrical System.............................................................................................................................................10-11 Rear Wheel System ...................................................................................................................................... -
Brief History of the Diocese 1300S
Brief History of the Diocese 1300s ‐ The first to establish settlements in the North Country were t he Iroquois (14th century). 1600s ‐ French, Dutch, and English fur‐traders came; followed shortly after by the French missionaries, Father Issac Joques, S.J. companions who were martyred establishing the first missions among the Five Nations. For a long time the Church of the North Country was served by the Bishops of Quebec because of the intolerance of the English and later the American Rule. The Catholic Church was suspect because of the ties to the English enemy, France. 1752 – The mission of The Holy Trinity at La Presentation Fort (Ogdensburg) was established May 29, 1952. 1808 – Established as part of the Diocese of New York. 1847 – Established as part of the Diocese of Albany. 1872 ‐ The Diocese of Ogdensburg was acknowledged on February 16, 1872 by Pope Pius IX, “We, with definite knowledge, mature deliberation, and by our Apostolic Authority, in virtue of the present document, separate and sever from the Diocese of Albany, the following territory – the counties of St. Lawrence, Franklin, Clinton, Jefferson, Lewis and Essex, together with part of the counties of Herkimer and Hamilton which lies above the northern line of the townships of Ohio and Russia; and this same territory we erect and constitute as a true and properly called diocese.” Ref. A History of Catholicism in the North Country by Sister Mary Christine Taylor, S.S.J., Ph.D. (1972) ♦ First Bishop Edgar P. Wadhams, D.D May 5, 1872 – December 5, 1891 Former Vicar General of Albany, NY Born – Lewis, NY 1817 As the first Bishop of the Diocese of Ogdensburg Bishop Wadhams built more than 25 churches, St. -
Farm Laborers' Wages in England 1208-1850
THE LONG MARCH OF HISTORY: FARM LABORERS’ WAGES IN ENGLAND 1208-1850 Gregory Clark Department of Economics UC-Davis, Davis CA 95616 [email protected] Using manuscript and secondary sources, the paper calculates real day wages for male agricultural laborers in England from 1208 to 1850. Both nominal wages and the cost of living move differently than is suggested by the famous Phelps-Brown and Hopkins series on building craftsmen. In particular farm laborers real wages were only half as much in the pre-plague years as would be implied by the PBH index. The PBH series implied that the English economy broke from the stasis of the medieval period only in the late eighteenth century. The real wage calculated here suggest that the productivity of the economy began growing from the medieval level at least a century earlier in the mid seventeenth century. INTRODUCTION The wage history of pre-industrial England is unusually well documented for a pre- industrial economy. The relative stability of English institutions after 1066, and the early development of markets, allowed a large number of documents with wages and prices to survive in the records of churches, monasteries, colleges, charities, and government. These documents have been the basis of many studies of pre-industrial wages and prices: most notably those of James E. Thorold Rogers, William Beveridge, Elizabeth Gilboy, Henry Phelps-Brown and Sheila Hopkins, Peter Bowden, and David Farmer.1 But only one of these studies, that of Phelps- Brown and Hopkins, attempted to measure real wages over the whole period. Using the wages of building craftsmen Phelps-Brown and Hopkins constructed a real wage series from 1264 to 1954 which is still widely quoted.2 This series famously established two things. -
MEDIEVAL DAMASCUS Arabic Book Culture, Library Culture and Reading Culture Is Significantly Enriched.’ Li Guo, University of Notre Dame and MEDIEVAL
PLURALITY KONRAD HIRSCHLER ‘This is a tour de force of ferocious codex dissection, relentless bibliographical probing and imaginative reconstructive storytelling. Our knowledge of medieval MEDIEVAL DAMASCUS DAMASCUS MEDIEVAL Arabic book culture, library culture and reading culture is significantly enriched.’ Li Guo, University of Notre Dame AND MEDIEVAL The first documented insight into the content and DIVERSITY structure of a large-scale medieval Arabic library The written text was a pervasive feature of cultural practices in the medieval Middle East. At the heart of book circulation stood libraries that experienced a rapid expansion from the DAMASCUS twelfth century onwards. While the existence of these libraries is well known, our knowledge of their content and structure has been very limited as hardly any medieval Arabic catalogues have been preserved. This book discusses the largest and earliest medieval library of the PLURALITY AND Middle East for which we have documentation – the Ashrafiya library in the very centre of IN AN Damascus – and edits its catalogue. The catalogue shows that even book collections attached to Sunni religious institutions could hold very diverse titles, including Muʿtazilite theology, DIVERSITY IN AN Shiʿite prayers, medical handbooks, manuals for traders, stories from the 1001 Nights and texts extolling wine consumption. ARABIC LIBRARY ARABIC LIBRARY Listing over two thousand books the Ashrafiya catalogue is essential reading for anybody interested in the cultural and intellectual history of Arabic societies. -
The Baltic Sea Region the Baltic Sea Region
TTHEHE BBALALTTICIC SSEAEA RREGIONEGION Cultures,Cultures, Politics,Politics, SocietiesSocieties EditorEditor WitoldWitold MaciejewskiMaciejewski A Baltic University Publication A chronology of the history 7 of the Baltic Sea region Kristian Gerner 800-1250 Vikings; Early state formation and Christianization 800s-1000s Nordic Vikings dominate the Baltic Region 919-1024 The Saxon German Empire 966 Poland becomes Christianized under Mieszko I 988 Kiev Rus adopts Christianity 990s-1000s Denmark Christianized 999 The oldest record on existence of Gdańsk Cities and towns During the Middle Ages cities were small but they grew in number between 1200-1400 with increased trade, often in close proximity to feudal lords and bishops. Lübeck had some 20,000 inhabitants in the 14th and 15th centuries. In many cities around the Baltic Sea, German merchants became very influential. In Swedish cities tensions between Germans and Swedes were common. 1000s Sweden Christianized 1000s-1100s Finland Christianized. Swedish domination established 1025 Boleslaw I crowned King of Poland 1103-1104 A Nordic archbishopric founded in Lund 1143 Lübeck founded (rebuilt 1159 after a fire) 1150s-1220s Denmark dominates the Baltic Region 1161 Visby becomes a “free port” and develops into an important trade center 1100s Copenhagen founded (town charter 1254) 1100s-1200s German movement to the East 1200s Livonia under domination of the Teutonic Order 1200s Estonia and Livonia Christianized 1201 Riga founded by German bishop Albert 1219 Reval/Tallinn founded by Danes ca 1250 -
Electricity Sector Adaptation to Heat Waves
ELECTRICITY SECTOR ADAPTATION TO HEAT WAVES By Sofia Aivalioti January 2015 Disclaimer: This paper is an academic study provided for informational purposes only and does not constitute legal advice. Transmission of the information is not intended to create, and the receipt does not constitute, an attorney-client relationship between sender and receiver. No party should act or rely on any information contained in this White Paper without first seeking the advice of an attorney. This paper is the responsibility of The Sabin Center for Climate Change Law alone, and does not reflect the views of Columbia Law School or Columbia University. © 2015 Sabin Center for Climate Change Law, Columbia Law School The Sabin Center for Climate Change Law develops legal techniques to fight climate change, trains law students and lawyers in their use, and provides the legal profession and the public with up-to-date resources on key topics in climate law and regulation. It works closely with the scientists at Columbia University's Earth Institute and with a wide range of governmental, non- governmental and academic organizations. About the author: Sophia Aivalioti is a graduate student enrolled in the Erasmus Mundus Joint European Master in Environmental Studies - Cities & Sustainability (JEMES CiSu). In 2014, she was a Visiting Scholar at the Sabin Center for Climate Change Law. Sabin Center for Climate Change Law Columbia Law School 435 West 116th Street New York, NY 10027 Tel: +1 (212) 854-3287 Email: [email protected] Web: http://www.ColumbiaClimateLaw.com Twitter: @ColumbiaClimate Blog: http://blogs.law.columbia.edu/climatechange Electricity Sector Adaptation to Heat Waves EXECUTIVE SUMMARY Electricity is very important for human settlements and a key accelerator for development and prosperity. -
The Early Middle Ages
The Early Middle Ages After the collapse of Rome, Western Europe entered a period of political, social, and economic decline. From about 500 to 1000, invaders swept across the region, trade declined, towns emptied, and classical learning halted. For those reasons, this period in Europe is sometimes called the “Dark Ages.” However, Greco-Roman, Germanic, and Christian traditions eventually blended, creating the medieval civilization. This period between ancient times and modern times – from about 500 to 1500 – is called the Middle Ages. The Frankish Kingdom The Germanic tribes that conquered parts of the Roman Empire included the Goths, Vandals, Saxons, and Franks. In 486, Clovis, king of the Franks, conquered the former Roman province of Gaul, which later became France. He ruled his land according to Frankish custom, but also preserved much of the Roman legacy by converting to Christianity. In the 600s, Islamic armies swept across North Africa and into Spain, threatening the Frankish kingdom and Christianity. At the battle of Tours in 732, Charles Martel led the Frankish army in a victory over Muslim forces, stopping them from invading France and pushing farther into Europe. This victory marked Spain as the furthest extent of Muslim civilization and strengthened the Frankish kingdom. Charlemagne After Charlemagne died in 814, his heirs battled for control of the In 786, the grandson of Charles Martel became king of the Franks. He briefly united Western empire, finally dividing it into Europe when he built an empire reaching across what is now France, Germany, and part of three regions with the Treaty of Italy.