Final Exam Details The final exam is Monday, May 1st from 2pm to - - PowerPoint PPT Presentation

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Final Exam Details The final exam is Monday, May 1st from 2pm to - - PowerPoint PPT Presentation

Final Exam Details The final exam is Monday, May 1st from 2pm to 3:30pm Note the hour and a half length You can bring anything you want except electronic devices Format will be very similar to the midterm Well have office hours in place of


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Final Exam Details

The final exam is Monday, May 1st from 2pm to 3:30pm Note the hour and a half length You can bring anything you want except electronic devices Format will be very similar to the midterm We’ll have office hours in place of class on Friday Don’t forget about course evaluations

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 1 / 42

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Final Exam Details

Remaining office hours:

Wednesday April 26th: 3:30pm-5pm (note: no 11am-noon office hours) Friday, April 28th: 10am-noon Sunday, April 30th: 11am-1pm (at the Daily Grind) Monday, May 1: noon- exam time

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 2 / 42

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Final Exam Details

The final exam is not cumulative It covers everything starting with the lecture on February 22nd The required readings covered on the final are:

North and Thomas (1970) Acemoglu, Johnson and Robinson (2001) Diamond (2004) Clark (2008), Chapter 13 excerpt Bleakley (2007) Goldin and Katz (1998) Long and Ferrie (2013)

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 3 / 42

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A Revolutionary Cluster of Macroinventions

The mechanization of tasks The switch from organic to inorganic/mineral energy The coupling of thermal and kinetic energy The organization of work Advances in metallurgy

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 4 / 42

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When and Where of the Industrial Revolution

A big, big question: Without knowing what you are looking for, could you pinpoint 18th-century Britain as the break from the preindustrial world? How abrupt was the break from the Malthusian world? How revolutionary did the inventions seem? How different did the 1700s look than earlier centuries? How different did England look than China in the 1700s?

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 5 / 42

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Institutions as an Explanation

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 6 / 42

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Institutions as an Explanation

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 7 / 42

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The Persistence of Bad (or Good) Institutions

FIGURE 2. Medieval Legacies: Religious Composition and Hindu-Muslim Riots

Note: The pattern of modern religious demography mimics patterns of Muslim rule, medieval trade, and political patronage. Medieval ports and major Muslim patronage centers (such as those that housed mints) continued to have greater Muslim populations relative to nearby areas in 1931. Medieval ports, however, experience fewer religious riots relative to towns nearby.

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 8 / 42

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The Persistence of Bad (or Good) Institutions

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 9 / 42

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Geography as an Explanation

East/West Axis Ultimate Factors Axis Ease of species Many suitable Factors Many domesticated spreading wild species y plant and animal species Food surpluses, food storage Large, dense, sedentary stratified societies Proximate stratified societies Technology Proximate Factors Horses Guns, steel swords Ocean‐ going ships Political

  • rganization,

writing Epidemic diseases

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 10 / 42

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Resources and the New World as an Explanation

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 11 / 42

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Resources and the New World as an Explanation

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 12 / 42

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Resources and the New World as an Explanation

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 13 / 42

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Social Evolution as an Explanation

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 14 / 42

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Social Evolution as an Explanation

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 15 / 42

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Social Evolution as an Explanation

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 16 / 42

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The Great Divergence

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 17 / 42

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The Great Divergence

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 18 / 42

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The Great Divergence

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 19 / 42

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The Great Divergence

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 20 / 42

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The Great Divergence

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 21 / 42

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The Great Divergence

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 22 / 42

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The Great Divergence

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 23 / 42

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The Great Divergence

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 24 / 42

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A Pessimistic View of the Industrial Revolution

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 25 / 42

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A Pessimistic View of the Industrial Revolution

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 26 / 42

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An Optimistic View of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 27 / 42

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An Optimistic View of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 28 / 42

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The Mixed Benefits of Industrialization

Michigan Central Station, opened 1913 (Yves Marchand and Romain Meffre)

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 29 / 42

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The Mixed Benefits of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 30 / 42

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The Mixed Benefits of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 31 / 42

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The Mixed Benefits of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 32 / 42

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The Mixed Benefits of Industrialization

The Great Gatsby Curve

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 33 / 42

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The Mixed Benefits of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 34 / 42

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The Mixed Benefits of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 35 / 42

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The Mixed Benefits of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 36 / 42

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The Mixed Benefits of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 37 / 42

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The Mixed Benefits of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 38 / 42

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The Mixed Benefits of Industrialization

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 39 / 42

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The Position of Economic History in Academia

From Moya-Anegon, et al “Visualizing the marrow of science.” Journal of the American Society for Information Science and Technology, Vol. 58, No. 14 (2007)

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 40 / 42

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The Position of Economic History in Academia

From Moya-Anegon, et al “Visualizing the marrow of science.” Journal of the American Society for Information Science and Technology, Vol. 58, No. 14 (2007)

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 41 / 42

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The (Changing) Position of Economic History in Academia

1970 1980 1990 2000 2010 1 2 3 4 5 Year % FIGURE 1 PERCENTAGE OF ECONOMIC HISTORY PUBLICATIONS IN THE TOP FIVE ECONOMICS JOURNALS

  • J. Parman (College of William & Mary)

Global Economic History, Spring 2017 April 26, 2017 42 / 42