One of the oldest questions is: why are some countries rich and some countries poor? Adam Smith famously answered that it was the division of labor (specialization) and trade in his book The Wealth of Nations. The more you study trade, however, the more complicated the answer becomes. I have been grappling with this question since the 1990s, as a student, and I still do not have a simple answer like Adam Smith. However, I think I have come up with a framework to understand how the economic history of the world developed and I have been teaching that global history in college as a professor since the 2010s.
I wrote
Yokohama and the Silk Trade: How Eastern Japan Became the Primary Economic Region of Japan, 1843-1893
This classic work on economic geography by William Cronon demonstrates how the city of Chicago and the American West developed together. It is a history of the relationship Chicago had with the rest of America in the nineteenth century by looking at the flow of grain, lumber, and meat. The key role of the railroads is also featured as well.
In this groundbreaking work, William Cronon gives us an environmental perspective on the history of nineteenth-century America. By exploring the ecological and economic changes that made Chicago America's most dynamic city and the Great West its hinterland, Mr. Cronon opens a new window onto our national past. This is the story of city and country becoming ever more tightly bound in a system so powerful that it reshaped the American landscape and transformed American culture. The world that emerged is our own.
This book by David Aslanian features the Armenian merchants of the New Julfa district of the city of Isfahan in modern-day Iran. They conducted long-distance trade between India and Europe and competed against some of the giant corporations of the day such as the Dutch East India Company. The experts of the old silk road trade competed against the new maritime trades well into the nineteenth century.
Drawing on a rich trove of documents, including correspondence not seen for 300 years, this study explores the emergence and growth of a remarkable global trade network operated by Armenian silk merchants from a small outpost in the Persian Empire. Based in New Julfa, Isfahan, in what is now Iran, these merchants operated a network of commercial settlements that stretched from London and Amsterdam to Manila and Acapulco. The New Julfan Armenians were the only Eurasian community that was able to operate simultaneously and successfully in all the major empires of the early modern world--both land-based Asian empires and the…
Everything in nature evolves by trial, error, and success—from fundamental physics, through evolution in biology, to how people learn, think, and decide.
This book presents a way of thinking and realistic knowledge that our formal education shuns. Stepping beyond this ignorance, the book shows how to deal with and even…
Taking us away from cities, this book will set your eyes on how these cities and their trades fit within a global framework. Kenneth Pomeranz argues that the key was the Americas which allowed Europe to engage in further specialization, and the fortunate location of coal in Britain, the country that started the industrial revolution. This industrial revolution was the key difference that led to the dominance of the West in global affairs.
The Great Divergence brings new insight to one of the classic questions of history: Why did sustained industrial growth begin in Northwest Europe, despite surprising similarities between advanced areas of Europe and East Asia? As Ken Pomeranz shows, as recently as 1750, parallels between these two parts of the world were very high in life expectancy, consumption, product and factor markets, and the strategies of households. Perhaps most surprisingly, Pomeranz demonstrates that the Chinese and Japanese cores were no worse off ecologically than Western Europe. Core areas throughout the eighteenth-century Old World faced comparable local shortages of land-intensive products, shortages…
Most people think Europe grew rich through industrialization and free trade. What they don’t realize is that this industrialization was initially started because of protectionism. Prasannan Parthasarathi shows how Britain banned the import of Indian cotton cloth, known as Calico, and developed its own industry. The free trade happened only after Britain succeeded in industrializing.
Why Europe Grew Rich and Asia Did Not provides a striking new answer to the classic question of why Europe industrialised from the late eighteenth century and Asia did not. Drawing significantly from the case of India, Prasannan Parthasarathi shows that in the seventeenth and eighteenth centuries the advanced regions of Europe and Asia were more alike than different, both characterized by sophisticated and growing economies. Their subsequent divergence can be attributed to different competitive and ecological pressures that in turn produced varied state policies and economic outcomes. This account breaks with conventional views, which hold that divergence occurred because…
Tourists and local residents of St. Augustine will enjoy reading about the secret wonders of their ancient city that are right under their noses. Of course, that includes a few stray corpses and ghosts!
In ReOrient, A.G. Frank argues that this current situation in which the West is at the center of the world is a mere blip in terms of global history. Historically Asia was always the richer part of the globe and once again, in the near future, Asia will be the richest part of the globe again.
Andre Gunder Frank asks us to re-orient our views away from Eurocentrism - to see the rise of the West as a mere blip in what was, and is again becoming, an Asia-centered world. In a bold challenge to received historiography and social theory he turns on its head the world according to Marx, Weber, and other theorists, including Polanyi, Rostow, Braudel, and Wallerstein. Frank explains the Rise of the West in world economic and demographic terms that relate it in a single historical sweep to the decline of the East around 1800. European states, he says, used the silver…
This study provides a broad political and economic examination of the impact of the silk trade on nineteenth-century Japan. It analyzes the economic role of Japan’s eastern interior region and that of the port of Yokohama. It argues that the economic development in this period laid the foundations for Japan’s prewar industrial development in the late nineteenth century and was largely responsible for the integration of Japan into the global economy.
Meet Tony Valenti. His high-flying corporate law career just cratered. His society marriage blew up in a bitter divorce. He's returned to the Chicago suburbs to lick his wounds and regroup in the haven of the Valenti family home. But time to heal isn't in the cards.
From the author of Washington’s Spies, the thrilling story of two rival secret agents — one Confederate, the other Union — sent to Britain during the Civil War.
The South’s James Bulloch, charming and devious, was ordered to acquire a clandestine fleet intended to break Lincoln’s blockade, sink Northern…
