Class 11 Introduction 2Neal 3 Cameron - Chapter 1 4 Harreld5.

Apuntes

•Introduction (Neal & Cameron - Chapter 1 + Harreld) Important Events of Economic History (Harreld) The development of productive agriculture marked the shift from hunter-gatherers to cultivators. Advances in business contracts and agreements fostered partnerships and cooperative relationships. Trade expanded significantly over time. Economic nationalism and the mercantile system emerged as key developments. Science, technology, and the routinization of knowledge advanced, influencing production methods. A shift to industrial production transformed what and how goods are produced and distributed. Population growth triggered demographic revolutions, altered production methods, and increased agricultural productivity. Free trade and mass consumption became prominent. Imperialism, colonization, and warfare created divisions between resource-rich and resource-poor societies. Economic growth and development characterized the long-term evolution of economies. •The Long Run (History Evolution) 1. Hunting and gathering 2. Slave ownership 3. Feudalism 4. Capitalism •The Long Run (Population Evolution) Humans originated in Africa about 200,000 years ago....