Economic History on Superphysics

Economic History

Sat, 11 Apr 2015 00:00:00 +0000

The differences in the economic philosophies of different time periods can be attributed to the main ideas or mentalities prevalent during those times, as the effect of new experiences or ‘impressions’ on the mind. We chronologically list the main events that may have caused people to have those new experiences from which they developed new ideas.

Proto-mercantile: The Rise Of The Merchants (1204-1420)

Sat, 11 Apr 2015 00:00:00 +0000

The Venetians give Europe the first taste of commerce and manufactures

Year	Event
1204	Constantinople is sacked during the Fourth Crusade and treasures are brought back to Venice, which becomes a European power
1271	Marco Polo, a Venetian, leaves for Asia
1300	The Travels of Marco Polo is published, describing the East
1368	Start of the Ming Dynasty
1405	The Ming show off its wealth and power through its Treasure Fleet
1453	Fall of Constantinople

Pre-mercantile: Discovery And Conquest For Gold And Silver (1420-1600)

Sat, 11 Apr 2015 00:00:00 +0000

The Portuguese and Spanish want to join in the Italians’ business through sea exploration, since the way to the East was blockeed by the Arabs through fall of Constantinople

Year	Event
1425	Henry the Navigator develops the caravel to be used to seek a sea route to the East
1488	Portuguese Bartolomeu Dias reaches Cape of Good Hope
1492	Italian Christopher Columbus reaches the Americas through Spanish support
1498	Portuguese Vasco da Gama reaches India
1577	Venice suffers from the Black Death while having lost its Eastern trade to the Portuguese
1588	Spanish Armada defeated by the British

Mercantile Period: The Problem Begins (1600-1799)

Sat, 11 Apr 2015 00:00:00 +0000

Trade and the Commercial Company Spread Around the World Like a Virus. With the Spanish defeated, other Europeans join in the colonization game with their own merchants through the invention of companies, paper financial products, and commodities trading

Pre-capitalist Period: Utility And Money For Pleasure And Industrial Development (1800-1889)

Sat, 11 Apr 2015 00:00:00 +0000

The Greed Virus Takes Root. The too-big-to-fail commercial company model proves unsustainable. The Industrial Revolution peaks, leading to new material experiences to gratify the senses. The word ‘scientist’ replaces ’natural philosopher’. Big non-corporate companies are established to build steel plants and railroads.

Capitalism: Microeconomics, Banks, And Big Business (1890-1944)

Sat, 11 Apr 2015 00:00:00 +0000

The Wealth Virus Creates War. The corporate ‘firm’ and banks pick up what the mercantile companies left behind. Economics is formalized. By now Western moral philosophy has died, leading to world wars.

Global Capitalism: (1944-2020)

Sat, 11 Apr 2015 00:00:00 +0000

The US emerges from the ashes of both world wars and the Cold War to impose its own system of global capitalism. The firm evolves into huge corporations, a type of which is the too-big-to-fail bank which can crash the global economy by itself. The Wealth Virus is Stopped by a Real Virus.