Economic History vs Political History

Economic history focuses on large groups of people and the development of economies, whereas political history concentrates on individual actions of leaders.

Economic history incorporates economic theory to explain historical events, while traditional economics often relies on abstract assumptions.

Economic historians examine quantities such as tonnes of steel, kilowatt hours, and metrics like gross domestic product.

<p>Long-term economic predictions are challenging due to constantly changing circumstances and human behavior.</p> Signup and view all the answers

<p>Knowledge of past events allows economic historians to apply theory to real occurrences that have already happened.</p> Signup and view all the answers

<p>Economic history is considered part of the social sciences due to its use of economic theory and quantitative analysis.</p> Signup and view all the answers

<p>One limitation is that economic history does not provide a blueprint for future economic outcomes, as history rarely repeats itself.</p> Signup and view all the answers

<p>Economic historians analyze the effects of institutions such as governments and trade associations on the economy.</p> Signup and view all the answers

<p>Low interest rates relative to the risk involved in investment usually cause low investment.</p> Signup and view all the answers

<p>High liquidity preference means that government expenditure will not lead to an increase in income levels.</p> Signup and view all the answers

<p>Pollution from industry is an example of a negative external economy.</p> Signup and view all the answers

<p>Non-tariff barriers are restrictions other than tariffs, often used to protect local industries.</p> Signup and view all the answers

<p>Opportunity cost is the cost of the next best alternative forgone.</p> Signup and view all the answers

<p>A common outcome is excessive funds being put into cash rather than investments.</p> Signup and view all the answers

<p>Increasing government expenditure, often financed through borrowing, is a common strategy.</p> Signup and view all the answers

<p>To prevent foreign manufacturers from competing with local firms, thereby protecting domestic industries.</p> Signup and view all the answers

<p>China experienced among the highest growth rates in the world during this period.</p> Signup and view all the answers

<p>Post-war Europe and Japan are noted for their miracle growth, while Latin America is excluded.</p> Signup and view all the answers

<p>The course emphasizes understanding broad trends rather than memorizing specific statistical details.</p> Signup and view all the answers

<p>The Cambridge economic history of modern Europe volume 2: 1870 to the present.</p> Signup and view all the answers

<p>Students are encouraged to read widely from academic articles, book chapters, and other resources.</p> Signup and view all the answers

<p>Students can use more recent editions of the textbooks as long as they refer to the chapter and section headings.</p> Signup and view all the answers

<p>Students should check the Virtual Learning Environment (VLE) regularly for updates.</p> Signup and view all the answers

<p>It refers to a situation in which a country or group of countries achieves economic growth to match the development levels of a previous economic leader.</p> Signup and view all the answers

<p>They developed social capabilities, adapted technology to their domestic endowments, and demonstrated a capacity for structural change.</p> Signup and view all the answers

<p>The goal is to support learning by thinking about how economic principles apply in the real world.</p> Signup and view all the answers

<p>The Gold Standard was a system of fixed exchange rates that facilitated multilateral trade settlements among countries.</p> Signup and view all the answers

<p>Causes included lack of international cooperation post-World War I, production composition changes, and adherence to Gold Standard rules.</p> Signup and view all the answers

<p>Economic factors were critical for winning total wars, which involved increasingly mechanised warfare.</p> Signup and view all the answers

<p>Technological change influenced women’s employment opportunities and highlighted discrimination in labor markets.</p> Signup and view all the answers

<p>To explain why and how economic growth occurred or did not occur in the past.</p> Signup and view all the answers

<p>The Neolithic revolution.</p> Signup and view all the answers

<p>The lack of adherence led to instability in international settlements and exacerbated the economic crisis.</p> Signup and view all the answers

<p>Structural changes enable these markets to adapt and grow in a manner that aligns with established industrial nations.</p> Signup and view all the answers

<p>Economic growth has been uneven, with some regions developing earlier and more rapidly than others.</p> Signup and view all the answers

<p>Homo erectus migrated out of Africa.</p> Signup and view all the answers

<p>Workers shifted from agriculture to industry and moved into cities.</p> Signup and view all the answers

<p>There is debate over whether its effects were positive or negative for living standards in the short term.</p> Signup and view all the answers

<p>The Neolithic revolution and the Great Divergence.</p> Signup and view all the answers

<p>People today are generally wealthier than their ancestors.</p> Signup and view all the answers

<p>Agriculture led to a decline in dietary diversity, resulting in narrower food ranges and less animal protein.</p> Signup and view all the answers

<p>The transition favored traits like upper body strength due to labor-intensive practices like ploughing.</p> Signup and view all the answers

<p>Hunter-gatherers were generally taller and experienced less malnutrition and disease than early agriculturalists.</p> Signup and view all the answers

<p>Sedentary agriculture allowed for greater stability, leading to increased population growth and wealth over time.</p> Signup and view all the answers

<p>Challenges included decreased dental health, increased cavities, and a decline in average per capita living standards.</p> Signup and view all the answers

<p>Natural selection began to privilege traits suited for farming, such as upper body strength for ploughing.</p> Signup and view all the answers

<p>Agriculture may have contributed to less equal societies due to resource accumulation and social stratification.</p> Signup and view all the answers

<p>Hunter-gatherer societies offer insights into health, diet diversity, and social equality prior to agricultural practices.</p> Signup and view all the answers