By P Emmer, O Petre-Grenouilleau, Jessica Roitman
The consequences of the growth of Europe have interested historians and economists, in addition to the general public at huge, for hundreds of years. essentially the most interesting and arguable results of Europe's enlargement has been the alternate that resulted from this flow out of Europe and into different areas of the realm. The function of overseas alternate in Europe's monetary development and particularly in its industrialization has lengthy been hotly contested. This quantity has as its element of departure the concept the hyperlink among colonial exchange and the advance of Europe was once even more advanced than hitherto believed. simply because this hyperlink is so complicated, this quantity includes essays by means of a variety of experts to evaluate the hot instructions within the historiography. additionally, this quantity examines the talk at the effect of colonial alternate on international locations equivalent to Spain, Portugal, the Netherlands, Denmark, and Sweden, that are frequently missed in prefer of dialogue approximately Britain.
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Extra info for A Deus Ex Machina Revisited: Atlantic Colonial Trade and European Economic Development
This opinion is still held by numerous historians, one of whom even went so far as to declare a “Glorious Sixty,” which the country had experienced between 1716 and 1775. If we look at the statistics up to 1789 we can see that the volumes and value of sugar, coﬀee, and other goods coming from the West Indies were multiplied nearly ﬁfteen times. Their re-exportation throughout Europe at the end of the absolute monarchy, reached the value of 150 million livres tournois, which represented 40% of France’s total exports.
If we look at the statistics up to 1789 we can see that the volumes and value of sugar, coﬀee, and other goods coming from the West Indies were multiplied nearly ﬁfteen times. Their re-exportation throughout Europe at the end of the absolute monarchy, reached the value of 150 million livres tournois, which represented 40% of France’s total exports. Clearly then, the West Indies and Saint-Domingue must be viewed as an important asset for the nation. 5 The theoretical possession of immense territories in America by the Spanish and the Portuguese did not necessarily mean eﬀective occupation.
Jean Bodin was one of the ﬁrst and most important historians to question the prevailing wisdom of the beneﬁt of colonies for the colonisers. He brought up the fact that the American wealth that was imported to Spain did not remain in Spain. The needs of the population led to the exportation of this wealth in exchange for essential goods such as wheat, but also for commodities such as clothes—or even in order to pay for an immigrant workforce. That meant that the trump card was no longer in the same hands.
A Deus Ex Machina Revisited: Atlantic Colonial Trade and European Economic Development by P Emmer, O Petre-Grenouilleau, Jessica Roitman