Teaching the Atlantic Market Thesis

colonial-atlantic-map

I have taught this before, and as my students will tell you, it is a staple in my history course. I started the session off by presenting an illustration that conceptualizes the growth of European modernity and the birth of what Arnold Toynbee would call the “Industrial Revolution,” as students looked at the transformation from Lynda Shaffer’s article Southernization to what is called Westernization.

“The Industrial Revolution”is a term coined by Toynbee in the late 1800s and used by Marxist and socialist historians to attack “the captains of industry” and expose “the conditions of the working classes;” after World War II, conservative social scientists like Rostow used Britain as model for industrial “take-off.” Recent scholarship suggests the story is not so simple. See e.g. Peter Sterns.

I worked to draw a conclusion on the relationship between European constitutionalism, mercantilism, geo politics, and the expansion of capitalism. Because of these factors and a number of others, the British middle class promulgated the growth of Atlantic slavery while modeling a new economic paradigm that the French bourgeoisie and nobility would desire. Unlike the traditional Marxist’s interpretation of the revolution that claimed it started as a matter of class conflict between the third estate (peasants & bourgeoisie) and the first and second estates, recent interpretations claim the revolution was a result of the Atlantic market system. Feudal lands and titles no longer carried the wealth that the Atlantic market offered. With an ancient system in existence that prevented the French nobility from prospering in this newly minted Atlantic market, the second and third estate unified to overthrow the French ancient class system. The change in market forces ultimately contributed to the demise of feudalism in Western Europe, though this process was much slower for the East.

Besides the colonial wars fought for geo-political gain in the Atlantic market, the dawn of neo slavery emerged. Paradoxically speaking, this institution heightened during a period in which the literature addressed both natural rights and racial inferiority. I believe the process of understanding European history from 1450 to 1815 rest on students’ understanding of the Atlantic market.

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