The Measures of Market Standardization - Essay Prowess

The Measures of Market Standardization


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  • Answer the following question and use the four terms listed below.
  • Question: Compare and contrast the measures of market standardization introduced in the 15th-16th centuries to those of the late 19th, 20th, and early 21st centuries (consider the following issues: the role of the state, local versus global networks, technology diffusion, and commodification). In each period, how did these practices become embedded in everyday life and accepted as “natural” features of the world economy?
  • Use FOUR of the terms listed below, briefly defining them within the body of your essay in at least four complete sentences each.
    Your essay must include a main argument as well as an introduction, body, and conclusion, and must focus first and foremost on examples from the textbook (CH. 1 & 6)

Four Terms:
1.    East India Companies
2.    Labor Theory of Value
3.    Trade diasporas
4.    “Free Trade”

Pomeranz, Kenneth, and Steven Topik. The World That Trade Created: Society, Culture, and the World Economy, 1400-the Present. Armonk, N.Y: M.E. Sharpe, 2017. Print.


Four Terms:
1.    East India Companies
2.    Labor Theory of Value
3.    Trade diasporas
4.    “Free Trade”

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