The Rise of European Empires

At any time in our research history certain themes seem to be the subject of change. As Europe began to materialize, the speed of its expansion and contraction was greatly influenced by changes in political organization, positive and negative economic forces, and changes in social structure. The way to build the European Empire is a long and tedious journey. Feudalism in the sixth century gave way to establishing central authority. The 13 th century was hurt by black death, but it brought about an economic change resonating with the 15 th century Renaissance.

The next stage is called primitive globalization. It was characterized by the emergence of the maritime European empire from the 16th to the 17th century. First was Portuguese and the Spanish empire, later the Netherlands and the British Empire. Globalization became a privately held company when the Dutch East India Company (founded in 1602) was established in the 17th century when the British East India Company (founded in 1600) was the first multinational corporation. Commercial phenomena

In the 17th century, many European empires spread all over the world and were usually funded by a new invention called a joint-stock company. Most of them are highly profitable and always provide good returns to investors. However, in the 18th century Nanhai company fraud produced the word "bubble". And you can see why the stock price is. Overconfident, overconfident, over exposed, messed up. Other people survived doing the same transaction with less leverage and superior fund management. This is not a fraud, this is a high-risk behavior that is not performing, it is the same as what was done at MF Global. Atari, Hummer, Circuit City, Kodak, Sears, and many other companies have similar stories. The market is strict, the competition is intense, random occurrences, overconfidence, and average returns are all relevant. Killing a team is another team