Capitalism

[redcannon]

can someone please explain who first thought of capitalism? how it came about? how it became of global system of economy? can someone explain the bourgeos revolution?

(and i tried the search engine already, i couldnt' find anything.)

[Janus]

who first thought of capitalism?
Capitalism developed from human relationships, technological change, and certain economic factors, it wasn't simply created by one economic mastermind. It had already "sprung up" before Smith discussed the theory on paper.


how it came about?
Certain principles of capitalism have always been around but it could be said capitalism itself has slowly been developing for several hundred years. But it was during the mercantilism era that the stage for captialism really began to be set and as mercantilism declined in the 19th century, capitalism ascended with free trade being implemented and trade barriers being taken down. These ideas of the time were reflected in the works of Smith and other classical economists who criticized mercantilism and helped to popularize capitalism at the dawn of the Industrial age in which capitalism really began taking off.


how it became of global system of economy?
Oversea trade resulting in greater interconnection and the establishment of markets around the world.


can someone explain the bourgeos revolution?
The political manifestation of the bourgeois who had already gained greater economic power over the old order.

[redcannon]

Originally posted by [email protected] 14, 2007 08:22 pm

The political manifestation of the bourgeois who had already gained greater economic power over the old order.
but in detail. which old order? in which country? when?

[Vargha Poralli]

Originally posted by redcannon+March 15, 2007 10:03 am--> (redcannon @ March 15, 2007 10:03 am)
[email protected] 14, 2007 08:22 pm

The political manifestation of the bourgeois who had already gained greater economic power over the old order.
but in detail. which old order? in which country? when? [/b]

but in detail.

It cannot be explained in detail.There are many trivial events which led to it. If you want to read about the history of Capitalism look in to material regarding the Industrial Revolution which led to it.



which old order?

Feudal Aristocracy.


in which country?

England during the Industrial Revolution.


when?

Late 17th century to Early 18th century.

[Janus]

which old order?
The feudal order i.e. the aristocracy.


in which country?
Well, how many feudal nations are left?


when?
The shifts really began to take place during the 18th and 19th century in Western Europe.