2E Week 6 Golden Age

• geschiedenis
• Voortgezet speciaal onderwijs
• Middelbare school
• vwo
• Leerroute V
• Leerjaar 2

Week 6

Why do we speak of a Golden Age?

(commercial) capitalism​

Entrepot​

Commodity exchange​

Capitalism

Essence of capitalism

 an economic system based on the private ownership of the means of production and their operation for profit. 

In other words, using ownership to make maximum profit (winst)

Negative aspects of Capitalism?

Entrepôt

The entrepôt functioned as a central reservoir of commodities, a regulating mechanism smoothing out fluctuations in supply and demand over time and minimizing the effects of interruptions and bottlenecks

Can you think of a modern day Entrepôt?

In 1585 the Dutch put a blockade around the port of Antwerp which caused merchants to move from Antwerp to Amsterdam. ​

Explain that this meant the start of the Golden Age in the Netherlands. Use the words trade and capitalism in your answer

Summary

(commercial) capitalism: strive for maximum profit​

Entrepôt: place where you store goods, warehouse. A'dam​

Commodity exchange: place where merchants come together to trade 

Golden Age more than economics