HIST 151 1st Edition Lecture 39 Mercantilism= crown capitalism- Capitalism: “persuit of profit and constantly renewed profit by means of continuous, rationalistic capitalistic enterprise”- Local= domestic, or putting –out system- National= crown capitalism (economy controlled by central gov’t—monarchy)o Regulate, monopolizeo Zero-sum economics: there’s a limited amount of resources/wealth in the world, so the more you take, the less there is for others; sparks competition- Competition- Bullionism- idea that there’s only a certain amount of gold and silver in the world so you must acquire it by trade (coerced) or through war- Rationale for WarMercantilism, Richeliev (1st minister of France) & French Monarchy- 17th century scale: o national= monarchies religions expansionism national economies absolutism- cardinal Richeliev (1585-1642)o 1st minister to France under Louis XIII (r. 1610-1643)o Machiavellian “cunning spider”o Loyal to king first Medieval Christians- A good Merchanto Bullionist- hoardin; zero-sum prosperity at home; expansion abroado Gov’t everywhere; only Franceo Analysis: over-protectionist Progress of civilization Strengthen monarchy Strengthen france abroad On the way abolitionismDomestic Policy Huguenots and TaRochelle (1627-8)o 5000 from 26,000o Edict of Nantes modified NobilityThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.o Outlaw duelo “Cinc Mars” (1642) Administrationo IntendantsForeign Policy- France first Hapsburgs to South and Easto Philip IV of Spain; Ferdinand of Austria 30 years war allied with Protestants Raison d’ Etat: ends and meanso Politics over religion; sets friends and enemies Result: centralized national monarchies and absolutismo Louis XIV (r. 1643-17) Symbolic value of monarchy Versatile 30 years war (1618-48) Old religious disputes started (protestants and Catholics) New political settlement resulted w/ peace of westalia 1648 War on a new wider euro “world” scale: everyone in 16th century war w/ a 17th century endingo new political endingo context of national monarchies and reason of statePeace of Westphalia new political order independent national monarchies and shift of power France the leader Hapsburg losers New political balance Settle international disputes at the conference table, not battlefieldGermany the battle ground for other powers War overdue:o Peace of Augsburg’s (1555) crazy quilt of protestant and catholic territorieso Loose federationo Imperial electors divided and scramblingNumerous little wars after
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