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Economic development in China between 1500 and 1800 was quite similar to that in Europe during the same period. So why did Europe industrialize, but China did not? Review some of the factors that contributed to a robust economy in China, then examine why China and Europe set off on different economic trajectories.
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Take a trip to the new frontiers of the world economy. You'll learn how India, by promoting its wealth of human capital, and China, by promoting foreign investment, have become two of the world's great economic powers. You'll also consider the influence played by political figures, including Gandhi, Mao Zedong, and Deng Xiaoping.
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Go back in time to examine the political economy of foreign trade (the relationships between markets and the state). Examine some of the various forms that international trade can take, including unilateralism and multilateralism, and study some of the modern world's most important, influential (and even controversial) trade organizations, including the Arab League and NAFTA.
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The English East India Company. The Dutch East India Company. Go inside these and other joint-stock companies, in which a group of merchants monopolized trade with certain parts of the world. In the process, you'll discover how these companies were granted sweeping powers, including the right to make war when they felt it necessary.
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Professor Harreld explains the socialist ideology of Karl Marx and Friedrich Engels, which became the widely accepted variety of socialism in the early 20th century. You'll learn Marx's stages of development; how Lenin steered Russia on the path of war communism"; and how Stalin rejected the economic path laid out for Russia in favor of something much worse."
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What makes the Second Industrial Revolution so different from its predecessor? Learn why the United States (thanks to close ties with Great Britain) was an early participant in this second phase, which saw the dawn of the American system of interchangeable parts and a stronger bond between science and industry.
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First, probe the beginnings of the European Union in the uncertain days after World War II. Find out why supranational organizations would be attractive to potential member states, and witness the development of an early supranational organization: the European Coal and Steel Community. Lastly, follow the economic events that led to the formation of the European Union in 1993.
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The Haymarket Affair in Chicago perfectly illustrates the social tensions industrialization generated-and which have yet to be solved. First, learn what we mean by class" and "class consciousness." Then, explore the unique goals of trade unions. Lastly, examine the growing politicization of labor, including the use of labor strikes and the philosophies of Marx and Engels."
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How "free" is the idea of free trade? Did all nations benefit from free trade? How were people convinced that free trade was the best option for the world economy? Learn why Great Britain was an early champion of free trade, and see how the economic crisis of 1870 led to a reversal of free-trade ideals."
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How is economic history different from a history of economics? What are the primary concerns of today's economic historians? What are some watershed economic moments of the last 500 years? Why does modern economic history "begin" around 1400? Find out in this introductory lecture to the remarkable journey ahead.
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How did the printing press shape the modern economy of the Western world? The answer, as you'll learn, is inextricably linked with scientific and technological progress, including the rapid circulation of new ideas, the rise of a lay intelligentsia, and the establishment of new ways of organizing knowledge.
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World War I was a global catastrophe that had an important effect on the world economy. First, focus on how the war put an end to free-trade policies and allowed governments to take more direct control of economic affairs. Then, survey the post-war economic world: a period of decline filled with falling production, population loss, enormous debts, and a return to protectionism.
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Using Great Britain as a microcosm for Western Europe, examine several key changes in the relationship between agriculture and production that laid the groundwork for the Industrial Revolution. These changes include the increased centralization of government and the increased concentration of labor in the cities.
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Railroads, steamships, telegraphs, telephones-each of these 19th-century innovations helped create the globalized, interconnected world that we currently inhabit in the 21st century. Follow the trajectory of the history of modern transportation and communication (with its emphasis on speed) as it relates to the story of economics.
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Meet Cornelius Vanderbilt, the man who was a veritable centerpiece of the Industrial Revolution. You'll learn how this iconic industrialist amassed great wealth and influence, he formed his massive railroad empire, sparked the rise of the modern firm and management hierarchies, and came to epitomize the idea of the self-made individual.
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After World War I, the industrialized world turned its attention to a return to the gold standard. Go inside the stabilization of the international monetary system and examine the pros and cons of the gold standard. See why some industrialized countries failed to recover from the war, delve into the structural deflation" of the world economy, and consider the role played by U.S. isolationism."
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Go inside the creation of large, state-sponsored joint-stock companies in the 17th century-including the Bourse in Antwerp and the Exchanges in London and Amsterdam-and discover how negotiated public spaces became essential commercial institutions. Also, consider the importance of merchant manuals, which collated commercial rules and best practices.
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From land reform to scientific farming techniques to new farm technology, explore the factors that transformed agricultural production in Europe and the United States. Topics include how America became the world's dominant agricultural power, the peasant rights that came from the French Revolution, and how farmers used new practices like crop-rotation systems.
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The Marshall Plan (also known as the European Economic Recovery Plan) was a major step toward returning the world to the free-trade policies of the pre-World War I period. Who was the man behind Europe's postwar economic miracle? How did these grand plans play out for nations that had been beaten down by the costs of war?
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Thanks to a global shift in fuel consumption, oil has been a weapon in geopolitical disputes for quite some time. In this lecture, discover how the global economy got to this point and how the developing countries of the Middle East began to play a central role in world economic affairs in the last quarter of the 20th century.
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