Historical Legacies of Globalization Chapter 5 - FITZ PDF

HISTORICAL LEGACIES OF GLOBALIZATION Who tries to take over the world? Who else? Who remembers Social 7 and 8? What did we learn about… – Colonization – Worldview – Indigenous populations – Early exploration – Land ownership  Perspective Colonization: motivated the e...

HISTORICAL LEGACIES OF GLOBALIZATION Who tries to take over the world? Who else? Who remembers Social 7 and 8? What did we learn about… – Colonization – Worldview – Indigenous populations – Early exploration – Land ownership  Perspective Colonization: motivated the exploration of territories already inhabited by large, nomadic Indigenous populations and led to the assimilation, enslavement and mass murder of many Indigenous peoples. OR Colonization: allowed for the increase of global trade, making countries increasingly wealthy, in addition to sharing the European way of life with others. Perspective Who is good? Who is evil? Who is the main character? Who is the villain? The Story of Canada Please write down a brief summary of what you know about the history of Canada. Include as many important people, places and events as you can. After 5 minutes please share your timeline with a partner. Compare the two, are there many similar events? Different? Grand Narrative This is the illusion of a single, well promoted story being the only story Think back to Unit 1, when we tell one story, we sacrifice others. Look back into your story of Canada, what story( or stories) is/are missing? Terms Egocentrism: The belief that a person’s culture and way of being are better than another's Eurocentrism: belief that specifically the European way of doing and being are greater than others Imperialism: a policy of extending a country’s power or influence through diplomacy or military force Hegemony: leadership or dominance, especially by one country or social group  The beginning of globalization? “In 1492 Columbus sailed the ocean blue.” This was one of many journeys that European explorers would take to territories which are now known as North and South America Before this point there was trade and interaction between some nations of the world, but this marked the beginning of the large scale, GLOBAL trade. Why? The Grand Exchange As European nations began to explore, more goods were being traded between nations. The demand for goods that were not available in Europe grew the trade exponentially – What are some examples of this? Trade Map Mercantilism This economic system greatly benefitted the colonial power, especially the monarchy Mercantilism 1. What was the primary goal of mercantilism for European countries in the 1500-1700s? a) To promote free trade between nations b) To accumulate gold and silver c) To develop self-sufficient colonies d) To improve living conditions for colonists 2. How did European countries view wealth under the mercantilist system? a) As an infinite resource that could benefit all nations b) As a positive-sum situation where all countries could gain c) As a zero-sum situation where one country's gain was another's loss d) As irrelevant compared to technological advancements 3. Which of the following best describes the role of colonies in the mercantilist system? a) They were independent economic entities b) They provided raw materials and served as markets for manufactured goods c) They competed directly with their mother countries in trade d) They were encouraged to develop their own manufacturing capabilities 4. How does the video's explanation of trade differ from the mercantilist view? a) It suggests trade can be positive-sum, benefiting both parties b) It argues that trade always favors the more powerful country c) It claims that trade should be avoided to protect domestic industries d) It proposes that trade should focus solely on luxury goods  Industrial Revolution Beginning around 1750 in Great Britain there were many new improvements in technology that impacted people’s lives – The steam engine greatly improved mass transportation – The factory system allowed for mass production of goods through processes like the assembly line and specific division of work Also saw the beginning of urbanization – Mass moving of people from farms and small towns to cities Urbanization and an Emerging Class The changes in industry also led to massive social changes To be wealthy prior to this time you had to be born wealthy – Most money came from titles and land ownership With increases in production technology, there was room for economic growth – People were able to make money for their hard work and cities offered new opportunities. Middle Class As people started to make money, they advocated for themselves, and their new capital Those who were gaining money wanted less government involvement. They wanted maximum profits for themselves – This often led to unsafe working conditions, unfair treatment of workers and terrible pollution – More on this in Social 30! Capitalism The economic system that promotes private ownership of business and free markets Strives for no government intervention in the economy (in its purest form) Motivated by profits Capitalism This system relies on the law of supply and demand to regulate the economy Production Possibilities  Adam Smith Often called the father of modern capitalism Wrote the book “Wealth of Nations” – Hardest working and strongest business owners that would be rewarded by becoming wealthy – No need for government intervention in the economy, that the “invisible hand” of the market would regulate itself Connecting Unit I and Chapter 5