diagnosis
Spain's New World gold and silver became a national disaster because it reinforced a feudal Catholic monarchy rather than productive institutions.
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Extractive Wealth
Spain's New World gold and silver became a national disaster because it reinforced a feudal Catholic monarchy rather than productive institutions.
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"Okay, good morning. So we start the very last section of the course today. It's on the Anglo -American Empire, which rules the world..."
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"And all this money just made the system even worse. So let me explain. is that there's a rigid hierarchy of status. The nobles..."
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Relevant Lectures And Readings
Reading
The Dutch Golden Age begins with a poisoned Spanish windfall and ends with Vermeer exposing cracks in the respectable household.
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