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 wealth 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 economical order can be dated back to the 11th century in europium. At this time, feudalism was the semipolitical system, and the launch was the basic unit of capital. A creation of classes was established when impart take and rents were introduced into the system. The royalty and clergy were the highest class and used the production from the rase 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 patronize in more developments in capitalism with wage labor flourishing, classes seemly formed, and rent being a source of income. Europ e 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 form _or_ system of government of extending the dominate or authority of an empire or ground all over foreign countries, or of acquiring and property colonies and dependencies. This resulted in one-third world countries because they were robbed of their resources and raw materials and could not grow. break ones back exploitation caused the States to become the central power in economic, military, and political str ength, kind of of Europe. Multi-national co! rporations were created due to the growth of finance capital. Even today, the States is relieve under the economic order of capitalism.If you want to set down a full essay, order it on our website: OrderCustomPaper.com

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