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 riches 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 economic order can be dated back to the eleventh century in Europe. At this time, feudalism was the political system, and the institute was the basic unit of capital. A creation of classes was established when pay labor and rents were introduced into the system. The royalty and clergy were the highest class and used the production from the degrade 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 in more developments in capitalism with wage labor flourishing, classes seemly formed, and rent being a source 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 nation all over foreign countries, or of acquiring and holding colonies and dependencies. This resulted in one-third world countries because they were robbed of their resources and raw materials and could not grow. Slave exploitation caused the States to become the central power in economic, military, and political strength, kind of of Europe. Multi-national corporations were created due to the growth of finance capital. Even today, America is relieve under the economic order of capitalism.If you want to get a full essay, order it on our website: Ordercustompaper.com



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