Democracy in the Flesh

Capitalism is defined as an scotch system in which investment in and ownership of the means of production, distribution, and exchange of wealthiness is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth. The beginnings of this sparing order can be dated back to the eleventh century in atomic number 63. At this time, feudalism was the governmental system, and the bring in was the basic unit of capital. A creation of classes was established when render labour party and rents were introduced into the system. The royalty and clergy were the highest class and used the production from the reduce classes for their own good. Then, mercantilism came into play, where merchants would sell the goods made by the workers at a minimum wage. In the fifteenth century, Europe began to hold on in more developments in capitalism with wage labor flourishing, classes seemly formed, and rent being a s ource of income. Europe became the preponderant power in the world, with other countries feeding on its increase status.

When the slave trade began, capitalism moved to its highest point, imperialism. Imperialism is the policy of extending the dominate or authority of an empire or acres all over foreign countries, or of acquiring and memory colonies and dependencies. This resulted in one-third world countries because they were robbed of their resources and raw materials and could not grow. striver exploitation caused the States to become the central power in economic, military, and political strength, kind of of Europe. Multi-national corporations we! re created due to the growth of finance capital. Even today, the States is relieve under the economic order of capitalism.If you want to lounge around a full essay, order it on our website: OrderCustomPaper.com

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