UNC-Chapel Hill HIST 158 - Capitalism and Economic Expansion (3 pages)

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HIST 158 1st Edition Lecture 7 Outline of Last Lecture I Breakthroughs a Florence i Craftsmanship ii Perspective iii Architecture b Rome i High Renaissance ii Patronage and Patrons Outline of Current Lecture I Capitalism and Economic Expansion a Shift of production b Specialized cities c Discovery and Exploration of the world d Economic Expansion in Europe e Traditional Morality v Capitalism Current Lecture I Capitalism and Economic Expansion a 1460 1560 shift from craft mode of production to industrial capitalist mode of production i As a result class tensions surfaced over the control of the production process b Cities became specialized i Florence 1 Banking the Medici Pazzi Peruzzi families began as tax collectors These 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 2 Wool enormous and complex industry employed half of Florence workers 3 Ciompi unguilded wool workers a 1378 Revolt majority of workers ciompi weren t making their fair share of the profits the revolt was successful at first b Soon after Florence government shifted as it was converted from a Republic to a Despotic City autocratic run by one family ii Venice 1 Streets are canals that connect the islands 2 Shipbuilding on the arsenale a Huge industry that required complex skills 3 Venice began as a fishing village merchant republic not noble by birth oligarchy of a few elite families success derived from commerce 4 1297 Serrata closure very successful closed off the council of the ruling upper class a Only 2 rebellions following the Serrata i External people tried to open the council back up ii Internal member of the oligarchy declared himself king 5 Why was the Republican system not sustainable a Revolt of the popolo b By 1500 most republics had become Signone ruled by a despot c Reason even though the excitement of the rebellions fueled the Renaissance the cities needed stability in order to prosper