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Stufflet Unit 6 Euro

Unit 6 Euro

TermDefinition
open-field system agricultural system whereby land was divided into strips; common grazing land was created; cultivation was decided by village elders
soil exhaustion the major problem limiting agricultural production up to 17th century; depletion of nitrogen
crop rotation the concept of allowing a field to lay fallow, followed by at least two years of planting
fallow not using a field for a year to allow it to replenish nitrogen
gleaning scavenging for leftover grain on ground after harvest; early form of social welfare
agricultural revolution progressive elimination of the fallow between 1650 and 1800
enclosure literally the fencing in of lands; done by those who believed in new scientific and efficient methods of farming
Netherlands country on continent that led in implementing new methods of agricultural production
selective breeding choosing certain animals to mate in order to improve the breed
Charles Townshend British aristocrat that was obsessed with turnips and their ability to replenish the soil
Jethro Tull implemented scientific ways of planting
rural proletariat Landless laborers who worked the land for wealthy landowners
cottage industry System whereby poor people in rural areas supplemented their income from farming by making things in their homes
"putting out" when merchants loaned rural poor raw materials to process into finished goods
"Holy Monday" term that described the idea that rural workers often didn't work early in the week, only to work frantically later in the week to meet the deadlines of merchant capitalists
guild trade associations that monitored and restricted trade and production
Mercantilism System of economic regulations aimed at increasing state power; Goal was to create favorable balance of trade
Navigation Acts stated foreign goods must be carried on British ships with British crews OR on ships of the country making the product
Peace of Utrecht treaty in which Britain gained Newfoundland, Nova Scotia, Hudson Bay territory and the West African slave trade
Treaty of Paris treaty in which Britain gained Quebec, French lands east of Mississippi River, Florida (from Spain)and most French holdings in India
creoles Spanish born in the New World
economic liberalism theory that states economic self-interest actually created wealth for EVERYONE and that governments should implement laissez faire practices
laissez faire idea that the government should interfere in the economy minimally
Adam Smith economist who criticized and challenged the economic theory of mercantilism
The Wealth of Nations written by Adam Smith; challenged mercantilism
Created by: stufflsb