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By David E. McNabb

A Comparative background of trade and undefined, quantity I deals a subjective overview of the way the cultural, social and monetary associations of trade and advanced in industrialized international locations to supply the establishment we now be aware of as enterprise enterprise.

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Additional info for A Comparative History of Commerce and Industry, Volume I: Four Paths to an Industrialized World

Example text

With the innovations in the art of war that appeared near the end of the Middle Ages, the feudal castle became obsolete as a military stronghold; there was no longer any reason to continue their costly upkeep, or to provide a place of refuge. Feudal chivalry gave way to professional armies using a combination of cavalry, crossbows, pikes, and cannon. With no economic justification, manors could not compete with the growing towns to pay for these new professional armies. Also, larger towns and larger armies required changes in agricultural production, which manorial methods of small plots and compulsory labor could not meet.

3. How did the power of tradition shape early commerce and industry? 4. How did discovery change the way commerce and industry was conducted in much of the known world? 5. What was the role of science and invention in the growth of early business? 4 Pa r t I I E n t re pre n e u ri a l C o m merce a nd Industry in Great Britain 4 Chapter 3 Foun dat i o n s o f C o m m e rce a nd Industry in Britain T o understand how and why Great Britain came to be a great trading nation and the first country to make the shift from an agricultural to an industrial economy, one must begin with its position as an island nation.

Despite this growth of towns in Japan, it must be recalled that the bulk of the population remained rice farmers, just as European peasants remained tied to their farms. Power of Tradition The business activities that took place within the increasingly important towns both in Europe and Japan hold only faint resemblance to business systems today. In Europe, most lines of industry and trade were the exclusive monopolies of the guilds. The Church’s long-dominant notions of a “just price” and a “just wage” gave moral sanction to regulations controlling prices, wages of apprentices and journeymen, standards of product quality and workmanship, admission to the trade, and a duty to ply one’s trade at the established prices and wages.

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