When and Why Did London Grow so Much Faster Than Other Early Modern Capitals?

In: Other Topics

Submitted By nuoai
Words 1951
Pages 8
Qihui Zheng
01/28/2011
EH205
Essay 2

When and why did London grow so much faster than other early modern capitals?

By examine the key differences among Paris, Madrid, and London, I argue that from1650 to1750, the reason why London boosted in terms of demographic expansion and market integrations is that -- instead of creating market disorder by demanding cheap supply of goods from other places, emphasizing social privileges and over consumptions, London attracted spontaneous business exchange in market among different groups of people. In section I, by doing a brief literature review on E. A. Wrigley, D. R. Ringrose and other important authors, we may have a basic understanding of the demand and supply market mechanism and its relationship with population, internal market and functions of capitals. In section II, we will analyze how the functions of capital, such as exercising political power to satisfy a particular interest, can affect the demand and supply of market and demographic composition. In section III, we study further how the functions of capital such as price determination can change the economic development of the capital itself and its surrounding industrial and agricultural areas. At the end, we should see that London did a better job integrating the urban-rural market during 1650-1750.

Literature Review
From 1650 to 1750, London grew much faster than other continental capital cities. There is little debate on the time as shown in table 1 and 2 below. Although the figures may be controversial, they were different enough to compare with one another in different period. Firstly, as shown in table 1, there were only 10 cities with population over 100,000 on 1650. Out of the ten cities, there were six capital cities during that period. Three of them belong to Mediterranean trade and Paris, London and Madrid were the other three capital cities.…...

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