An Economic History of the World since 1400

How is economic history different from a history of economics? What are the primary concerns of today's economic historians? What are some watershed economic moments of the last 500 years? Why does modern economic history "begin" around 1400? Find out in this introduction to the remarkable journey ahead.

Examine the state of the global economy circa 1400, when Europe was surprisingly at the bottom of the economic success ladder. Along the way, you'll examine the broad economic outlines of China, India, and the Islamic world and discover how Europe laid the groundwork for the new capitalist world system that exists today.

Learn how Europe's manorial societies helped develop the structures and institutions that would lead to the medieval commercial revolution. You'll find out what everyday life was like on a manor, how serfs were exploited by elites, the importance of medieval trade fairs, how wool-cloth production redefined northwestern Europe, and more.

Outbreaks, epidemics, and pandemics can have profound effects not just on human populations, but also on the economy. Discover how the Black Death shut down trade routes, lowered economic productivity, disrupted supply and demand, depressed land value, and ultimately made the medieval feudal system untenable.

After the Black Death, urban revolts placed a strong emphasis on the rights of European peasants. This also led to the creation of guilds and monopolies that reflected the self-interests of those in control of urban power structures. Find out how these systems helped carry the European economy through subsequent centuries.

What did the age of exploration mean to the European economy? Find out as you engage with the voyages of explorers like Columbus and Magellan, the reasons why Asians didn't succeed at discovering a sea route to the West, the new European commercial systems created in the Americas, and much more.