AP European History AMSCO Guided Notes

3.3: Continuities and Changes to Economic Practice and Development

AP European History
AMSCO Guided Notes

AP European History Guided Notes

AMSCO 3.3 - Continuities and Changes to Economic Practice and Development

Essential Questions

  1. What were the continuities and changes in commercial and economic developments from 1648 to 1815?
I. The Agricultural Revolution

1. What was the Agricultural Revolution and why was it significant for Britain's economic development?

2. How did British agricultural productivity compare to other European countries by the 19th century?

A. Increased Food Production

1. What factors contributed to Britain's dramatic increase in food production during the 17th and 18th centuries?

2. How did crop rotation improve soil quality and increase agricultural output?

3. How did mixed farming and the use of livestock manure enhance British agricultural productivity?

B. Advances in Farm Machinery

1. What were the major farm machinery innovations of the 18th century and how did each improve agricultural efficiency?

2. How did Foljambe's cast-iron plow represent a technological advancement over earlier wooden plows?

C. Enclosure Movement

1. What was the enclosure movement and how did it change land ownership patterns in Britain?

2. How did the enclosure movement contribute to the growth of landless peasants and urban migration?

D. National Markets

1. How did the shift from local to national agricultural markets create new economic activities and institutions?

2. What was the difference between internal tariffs and customs barriers, and how did each affect trade?

E. Transportation and Land Conversions

1. What transportation and land management innovations did Britain adopt from the Dutch, and how did they improve commerce?

2. How did water meadows allow farmers to increase livestock production and improve soil quality?

F. Agricultural Exchanges and European Nutrition

1. What was the Columbian Exchange and what new crops did it introduce to Europe?

2. How did New World crops like potatoes affect European population growth and living standards?

II. Expanding the Cottage Industry System

1. What was the putting-out system and how did it function as a production method?

2. What advantages did the cottage industry system offer to both workers and merchants?

3. How did proto-industrialization represent the earliest form of industrialization in Europe?

III. Developments in Labor and Trade

A. The Textile Industry

1. Why was British wool superior to continental wool and how did this advantage drive economic growth?

2. How did the textile industry create specialized jobs at multiple stages of production?

3. How did wage-based employment in the textile industry contribute to the development of a money-based economy?

B. Revolutionizing Industry

1. What new textile technologies were invented in the 18th century and how did each improve production?

2. How did the shift from cottage industry to factory production challenge traditional textile workers?

3. What new economic institutions and services emerged to support industrial growth?

C. The Le Chapelier Law

1. What did the Le Chapelier Law prohibit and what was its intended purpose during the French Revolution?

2. How did France's lack of industrialization compare to Britain's during this period, and what role did government policy play?

IV. Development of Market Economies

1. How did the transition from a subsistence economy to a market economy change commercial practices in Europe?

A. Property Rights and Protections

1. What were the different theories of property rights developed by Grotius, Pufendorf, and Locke?

2. How did the Glorious Revolution's commitment to protecting private property encourage economic growth in Britain?

3. How did Britain's political stability and representative Parliament give it economic advantages over France?

B. Insurance

1. How did property and maritime insurance contribute to economic growth and entrepreneurship?

2. What business model did insurance companies like Lloyd's of London develop to generate profits?

C. Banking

1. How did banking evolve from its origins in Italy to become essential for commercial expansion?

2. What services did specialty banks provide to entrepreneurs and governments during the 17th and 18th centuries?

3. What was the original mission of the Bank of England and how did it contribute to British naval power?

4. How did the Bank of England's role as a limited-liability corporation and issuer of banknotes strengthen the British economy?

Key Terms

crop rotation

mixed farming

seed drill

mechanical hoe

thresher

enclosure movement

yeomen farmer

internal tariffs

customs barrier

external tariff

water meadow

putting-out system or cottage industry

proto-industrialization

self-sustaining growth

steam engine

spinning jenny

water frame

spinning mule

cotton gin

Le Chapelier Law

Bank of England

limited-liability corporation