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#economichistory

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Early Modern Diplomacy

@historikerinnen @womenknowhistory @earlymodern @histodons

Mazargalli argues that consuls were essential for understanding #earlymodern states as “as a conglomerate of conflicting personal and group interests”.
Moreover, focussing on consuls as diplomatic actors reminds us that #emdiplomacy is so much more than courtly audiences and #peace negotiations. The economic side needs much more attention, especially as contemporaries did not necessarily distinguish between economic and political #emdiplomacy. (6/6)

#emdiplomats#consul#economicHistory
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War on the Castle, Peace in the Valley🛡️🍉🇵🇸 🏳️‍🌈 🇺🇦
I've been reflecting on recent news suggesting that Trump may be considering the creation of an autarky—a self-sufficient economy that minimizes international trade. Historically, attempts at autarky have often led to significant economic setbacks. For instance, Stalin’s Soviet Union faced severe inefficiencies and shortages due to its isolationist policies. Similarly, North Korea’s self-reliance strategy has resulted in economic distress and humanitarian crises. Isolating ourselves in today’s interconnected world could backfire in ways that deepen inequality and undermine social progress. I invite your insights on this. How do we counter this trend and advocate for a more collaborative global economy? . 🌍💬 #Trump #Autarky #EconomicHistory #Globalization
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IHC

✍️ We've opened a call for papers for the international workshop "Connected histories of economic planning in Southern Europe 1945-1989", which we will host on 17-18 June.

The purpose of this workshop is to expand the study of economic planning, focusing on the specific trajectories of Southern European countries.

ℹ️ ihc.fcsh.unl.pt/en/events/conn

@histodons
@histodon
@economics

Illustrative picture for the international workshop “Connected histories of economic planning in Southern Europe 1945-1989”. Lisbon, Nova FCSH, 17 and 18 June 2025. The background is drawing of a map of Europe made of small colourful dots.
#Histodons#EconomicHistory#Economics
Continued thread
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Early Modern Diplomacy

After his marriage in 1550, Anton Meuting worked as an independent merchant, especially in and with #Spain, where he established himself as a cultural broker between the #court in #Munich and the court in #Madrid and was active in various fields - the purchase and sale of goods, financial services. From 1560, he was regularly mentioned as a supplier of jewellery, devotional objects, silk, clothing and accessories to the Bavarian ducal court. (3/6)

#emdiplomacy #NewDiplomaticHistory #EconomicHistory #CourtStudies #Bavaria #history #histodons #adventCalendar #adventCalendar2024

@histodons @historikerinnen @earlymodern

Continued thread
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Early Modern Diplomacy

Anton Meuting was son of Lukas Meuting, a merchant from #Augsburg who worked for the famous House of #Fugger. His brother-in-law did not only establish the branch of the trading company of the House of #Welser, the second famous Augsburg based merchant and banking family, at the Spanish #court but also provided an excellent and exceptional education abroad for Anton, including the acquisition of language skills in Spanish, the practising of a ‘courtly’ habitus and building up a network of contacts. Thus, Anton Meuting was well connected to the two most important European merchant families of his time.

By the way, did you know that these competing merchant families are now united in their very own museum?

fugger-und-welser-museum.de

(2/6)

#earlymodern #emdiplomacy #NewDiplomaticHistory #Spain #courtStudies #history #histodons #HRE #trade #adventCalendar #EconomicHistory #AdventCalendar2024

@histodons @historikerinnen @earlymodern

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Miguel Afonso Caetano

SPOT ON!!! You really to have to understand political economy, monetary economics, and economic history to tackle the current historical macro-scenario -

👉 "The next question is whether the protectionist policies espoused by Mr. Trump can save the people who are asking for his help. Unfortunately, the trade wars of the 1930s suggest the answer is probably “No.”

In the 1930s, the global economy was thrown into turmoil by the sharp increases in US import duties implemented in 1930 under the Smoot-Hawley Tariff Act and the retaliatory tariffs by other nations that followed. The value of global trade plunged 66% from the peak, and economies around the world suffered heavily.

The resulting economic turmoil eventually led to World War II. The US, which got through the greatest tragedy in human history by mobilizing its military capabilities, decided the world must never repeat this mistake. To that end, it introduced the system of free trade symbolized by the 1947 GATT (General Agreement on Tariffs and Trade).

This US-led free trade system produced unprecedented prosperity for humanity, but cracks began to appear when the nature of the currency market changed after the developed nations began liberalizing capital flows in 1980.

Today, just as in the 1930s, free trade is facing a potential crisis in the form of a sharp increase in US tariffs. If the authorities seriously wish to avoid this outcome, I think the nations of the world must come together and carry out an exchange rate adjustment similar to the Plaza Accord." 👈

ineteconomics.org/perspectives

#USA #Trump #Protectionism #FreeTrade #USTariffs #TradeWar #PoliticalEconomy #MonetaryPolicy #EconomicHistory
ineteconomics.org/perspectives

Institute for New Economic ThinkingTrump, Tariffs, and Exchange Rates: The Message of Elections in the US and JapanWhat Japan, the US, and Europe have in common is growing popular anger over the economy despite high stock prices and low unemployment.
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