The building of canals, Turnpike roads and railways allowed raw material within Britain to be transported to where they needed to be quickly. The British Empire has plenty of trading ships allowing cheap raw materials (cotton) to be brought back to Britain through Liverpool. Trading ships also carried finished goods from the mills out of the countries and canal boats, horse and carriages and trains later on transported finished products throughout Britain. Building a mill, equipping it with machines, and buying the materials to get it up and running was expensive; meaning the products made had to be sold for a profit. Often meaning that the materials needed were bought in overseas colonies for unfair prices and sold on to make a large profit some of which went back into buying new equipment to allow more cotton made faster and at a lower cost, increasing the profit even further.
Aware of the extra-money available to working families, the different pieces of a Big Business have acted in such a way to suck that extra-money from the poor families. Accordingly, railroads raised their prices on food suppliers; Standard Oil increased their fuel prices. In addition large grocery and department stores have added a greater price to their goods as well. As a result, the cost of living from 1870-1900 stayed approximately constant despite decreasing food and fuel prices. For the great majority of Americans, their standard of living remained the same, or even declined in response to the rise of tenement housing and an influx of immigrant workers.
There was a constant customer calling for transportation of men and supplies. There was ship building and commerce going on in the eastern ware in Europe. The economy was gained to a financial high when the Crusades made its way to Europe. Even though the crusades were just Christian campaigns fought, it still took a toll on the economy more than people would of thought. It’s said that the first crusade created Latin states on the holy land.
Judges, priests and other learned men were maintained at the king's costs and charges. It seems in the eastern and western hemispheres of the world that social structure was set up to be very traditional and oriental. However, this provided a booming success in the economy throughout 1100 to 1600 C.E. Economically it seemed that Timbuktu (Document 7) and Chapultepec (Document 5) were doing well financially with their exports whereas London (Document 1) was struggling compared to the two areas previously stated. Outside of the palace in Timbuktu built by an artist from Granada are many shops set up by artificers and merchants.
Because of Byzantines shrunk size, they had a smaller but more tightly centralized government and rule that lead to a better economy. Byzantines trade mainly occurred under the city of Constantinople, a major site of crafts and industry that greatly influenced the rise of the Byzantine Empire, items such as silver, gold, jewelry, gems, textiles, linens and glass were traded, and silk, one of the major contributors that developed into a major industry. Because of Byzantines amazing trade system trade routes such as the Western Anchor were able to revive routes such as the silk road, allowing for banks and partnerships to be supported through a commercial economy. Now as where the Islamic Empire’s military strength was well integrated with the rise of the empire, its strength was used very differently. During the rise of the Islamic Empire, Muhammad used his military power to conquer places such as Mecca, dominating to spread out his beliefs and religious views, making their military more offensive then defensive.
Wealth was gained from the Mediterranean trade, Silk Road, manufactured goods, and the colonization of land benefitted the empires greatly. The wealth helped establish cities and capitals, promoting economic and social change, and it was also distributed through the elites down to the other classes. The elites in the Han were able to afford silk garments, eat pork, drink aged wine, and buy more land from the poor. Also due to the wealth of expanding of the iron and silk industries, they were able to invent paper, which enable Chinese scribes to write more, and were less expansive than silk. The distinction the rich and poor hardened as the economy went up.
Much of this economic emphasis was brought about by the industrial revolution, which created large surpluses of European capital and heavy demands for raw materials. Additionally, it brought about the accumulation of capital in which England sought investment abroad. The British had also forced China to open itself to the Opium trade in the 1840's. China in the middle of a social upheaval; The Tai Ping rebellion, was unable to prevent foreign domination of its trade. By the end of the 19th century, England, Germany, Russia, Japan, and the United States had all compelled China to trade with
The economies were expanding which meant people had more money to spend. By democratizing the spread of upper class goods to more people, the department store facilitated the growth of a “culture of consumption,” in which people began buying for leisure rather than simply buying to satisfy basic needs. The appearance of society was also changing at this time. There was an expanding middle class that had access to more goods that were previously limited to the upper classes. By offering low prices and giving people access to more high end goods, the department store helped blur the lines of class that previously divided society.
Numerous wars were fought over trade, because of the great profit it brought to the land. The Crusades were not just holy wars, but they also aimed to take one of the largest trading centers and routes in the world. Trading and the City: Merchant and traders were not part of the medieval feudal society, yet they had great influence in it. As trade developed, towns along the trade routes became richer and richer. Some developed into great cities, such as Paris, France.
With more people across the pond, more resources were needed from the colonies to make consumer goods in Europe. With more people needed to harvest the raw materials, more people began entering the colonies, which opened up another consumer market. The colonists in American began to have a taste for British goods, choosing only to purchase imported goods from England and abroad . The growing cycle of people coming into the colonies meant more land being cultivated and used for new purposes was one of the biggest degradations to the land in