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Bellringer

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Title: From Mercantilism to Adam Smith: The Evolution of the Modern Capitalist System Author: Ms. Susan M. Pojer Last modified by: NPSD Created Date – PowerPoint PPT presentation

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Title: Bellringer


1
Bellringer
  • In what ways does the Indian Ocean reflect the
    changing balance of power during the Early Modern
    period?

2
Evolutionof theEarly Modern Europe
3
  • The Fragmentation of Western Christendom
  • The Protestant Reformation

4
Corruption of the Medieval Catholic Church
  • Popes used excommunication to force monarchs to
    obey the Church.
  • Many priests were illiterate or broke vows of
    chastity.
  • Some officials lead lives of luxury and leisure.
  • Some clergy
  • Charged repentant Christians to see holy remains
    and objects.
  • Sold church offices to the highest bidder.
  • Sold indulgences.

5
Why did Luther question Church practices and
teachings?
  • Troubled by the idea that salvation was
    attainable through good works.
  • Interpreted St. Paul to mean that path to
    salvation was by faith alone.
  • Believed forgiveness for sins could come only
    from Gods mercy.
  • Angered by sale of indulgences.

6
How did his criticisms expand into an effort to
form a new church?
  • Wrote 95 Theses to start debate on Church abuses.
  • Published books and pamphlets questioning Church
    teachings.
  • Ideas for reform led to a new church
  • Congregations choose their own ministers
  • Worship of saints and holy days was considered
    sinful
  • Mass conducted in German instead of Latin
  • Clergy allowed to marry.

7
Why did his reforms create widespread revolt in
Germany?
  • Peasants, believing everyone was equal under God,
    revolted against lords.
  • Princes, who wanted freedom from the pope, seized
    Church land.

8
Doctrines of Lutheranism
  • The Bible is the final authority for faith
  • The Bible is translated into the languages of the
    people
  • whatever is not expressly forbidden in scripture
    can be accepted
  • There should be only two sacraments (sanctifies
    by grace)
  • baptism
  • communion

9
The Reformation Spreads Throughout Europe
  • Why did Protestantism spread beyond Germany?
  • Political leaders looked for ways to escape power
    of Catholic Church.
  • People were tired of Church abuses and
    corruption.
  • Charismatic individuals questioned Church
    teachings and provided leadership.
  • Rising literacy rate allowed for rapid spread of
    new ideas.

10
How did the Catholic Church respond to the
Reformation?
  • Reformed the Church from Within
  • Had Church abuses catalogued.
  • Called meeting at Trent to deal with growth of
    Protestantism.
  • Council of Trent (1545-1563)
  • Defined Catholic beliefs and corrected abuses.
  • Sale of indulgences prohibited.
  • Seminaries established to train parish priests.
  • Monasteries and convents cleansed of immoral
    clergy.

11
  • Tried to Stop the Spread of Protestantism
  • Jesuits (1540)
  • Disciplined and well-educated order of Catholic
    priests.
  • Won Poland and southern Germany back into the
    Catholic faith.
  • Spread the Christian message across Africa, Asia,
    and the Americas.
  • Inquisition (1542)
  • Church court designed to judge and convict
    heretics.
  • Imprisoned exiled or executed those with
    unorthodox views
  • Index of Banned Books (1559)
  • List of banned books which Catholics were
    forbidden to read.
  • List included Protestant Bibles and some
    scientific writing.

12
The Fragmentation of Western Christendom
  • Witch-Hunts and Religious Wars
  • 110,000 trials for witchcraft
  • Religious conflict in France and Spain
  • The Thirty Years War

13
Economics?
  • What is economics?
  • What are some basic principles of economics?

14
Postclassical Economy
15
Characteristics of Postclassical Economy
  • Manorialism
  • Subsistence farming serfs
  • Lords live off of taxes
  • Old Money based on landownership and tradition
  • Small guilds develop to encourage artisanry

16
Early Modern Economy
17
Characteristics of Early Modern Economy
  • Mercantilism
  • Economic health of a nation could be measured by
    the amount of gold or silver it possessed
  • Favorable balance of trade
  • Each nation must try to achieve economic
    self-sufficiency
  • A large population was needed to provide a
    domestic labor force to people the colonies.
  • Luxury items should be avoided
  • They took money out of the economy unnecessarily.
  • State action was needed to regulate and enforce
    all of these economic policies.
  • State-sponsored trade monopolies.

18
Characteristics of Mercantilism
Manufactured goods
MotherCountry Capital
Colony
Cheap labor
Raw materials
19
Characteristics of Early Modern Economy
  • Proto-Industrialization / Putting-Out System
  • Building of manufacturing income in rural areas
  • Source of supplemental income (cottage
    industries)
  • Sign of modern industrial society

20
Characteristics of Early Modern Economy
21
The Putting-Out System
22
Advantages of Putting-Out System
  • Peasants could supplement their agricultural
    incomes.
  • Take advantage of winter months when farming was
    impossible.
  • Merchants could avoid the higher wages and often
    demanding regulations of urban labor.
  • Easier to reduce the number of workers when the
    economy was bad.
  • Merchants could acquire capital, which would
    later play a part in funding industrialization
    itself.
  • Young people could start separate households
    earlier, thus contributing to population growth.

23
Disadvantage of Putting-Out System
  • When demand rose which it did in the 18c
    this system proved inefficient.
  • Merchant-capitalists found it difficult to induce
    peasant-workers to increase their output.

24
Early Modern Government
25
Rise of the Nation State
26
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27
Rise of the Nation State
  • Loyalty to nation rather than to ruler
  • Ruler governed through natural contract with
    people
  • Government worked for the interests of the people

28
Flow Chart
  • In order to show the connection between events
    in Early Modern Europe ways that Europe was
    transformed socially, politically, economically
  • Groups of 4
  • One person specialize in
  • Renaissance
  • Reformation Commercial Revolution
  • Scientific Revolution
  • Enlightenment
  • Look for the social, political, economic causes
    and effects of your specialized topic
  • As a group, discuss the causes effects. Then,
    create a flow chart of visuals to show
    connections transformation
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