Heavy taxes on the smaller countries disrupted local economies. Famines started to happen because of mass crop exportation. And just the overall resentment smaller, more traditional countries had because western ideas were being forced upon
Regardless, the system of indentured servitude proved to be very appealing to those able to employ them. One reason this system was successful was because the Indian population could not be easily transformed into submissive work force. This indenture system provided a means of dealing with the severe labor deficiency in the New World. By the late seventeenth century, indentured servants and people formally working as indentures became one of the largest elements of
The English would trick the Indians to sell their land for less and if the king would not then the English man would create a new Indian king that would sell the land. The English horses would roam onto the Indian land spoiling their land. The English sold alcohol to the Indians and then the drunken Indians would plunder the English cattle and no one could stop them. Easton believed that the grievances were
Slave exploitation caused America to become the central power in economic, military, and political strength, instead of Europe. Multi-national corporations were created due to the growth of finance capital. Even today, America is still under the economic order of
So this was also a key factor in the expansion of the slave trade. The profitability of the slave trade was enormous for any job involved especially people like merchants, bankers and financiers who were very keen to invest in the development of plantations, purchase of slaves and in the building of ships to carry the slaves and goods since they made such huge profits on their original investment. But also the plantation owners who did not have to pay for the labour as the slaves obviously were forced to work with no pay could profit from this. Of course, the slaves, however, did not profit from this at all. At this time there was a need for a labour force to work the lucrative plantations and so this was the basis on which the slave trade was formed.
These early ideas made it possible for the different views of the rich and working class to have their own set representation as needed when capitalism, or free market enterprise, and common wealth made its way into American economy. Free market enterprise was a way for the artisans, or skilled workers, to make money by producing and selling their products. As technology advanced and more inventions were being created there also came better, cheaper, and faster ways of producing mass amounts of the same products. Factories and new means of transportation made it possible for industrialization to make a rise and excel American economy. While business was great for the owners of these companies and those who could afford better living it was a completely different story for the factory workers and artisans.
The Spanish were cruel, and crazed by the idea of finding treasure and conquering land and the peoples that inhabited them. Some 160,000 Spaniards, consisting mostly of men, subjugated millions of Indians. (textbook) Between slaughtering the Indians and infecting them with devastating diseases such as smallpox, the native population plummeted from over twenty million down to two million in less than a century. The Spaniards biggest problem was their thirst for gold and treasure. Many of the natives that they came across welcomed them wholeheartedly, until they abused the hospitality that was given to them and gave nothing in return.
From this perspective, the innovation of the power loom was a broad social process, driven by more than an elite of inventors and entrepreneurs. Previous researchers have explored human capital development in the factories. Boot [1995] obtains estimates of the human capital investments made by male workers in the Lancashire cotton industry. His estimates correspond quite closely with my estimates for male cotton mule spinners in Lowell in the 1840’s. However, in addition to this investment made by employees, I find a much larger investment made by employers in the human capital of their employees.
These other causes are all political social and economical factors which helped to free the serfs. And had the Tsar taken a more liberal view on his rule the emancipation may never have happened. Firstly there are many political causes for the emancipation of the serfs. The bankruptcy of nobles who were the tsar’s main supporters was, caused because of the inefficiency of using serfs to farm lands, which meant most nobles were losing money and by 1860 over 60% of serfs were mortgaged to the government meaning they were “unofficially” no longer tied to their land. This meant serfdom was already coming to its own natural end, and for Alexander II to support his nobles he had to emancipate the serfs so they could go start increasing their wealth and get out of debt.
Marx's analysis of history is based on his distinction between the means of production, literally those things, like land and natural resources, and technology, that are necessary for the production of material goods, and the social relations of production, in other words, the social relationships people enter into as they acquire and use the means of production. Together these comprise the mode of production; Marx observed that within any given society the mode of production changes, and that European societies had progressed from a feudal mode of production to a capitalist mode of production. ………. The capitalist mode of production is capable of tremendous growth because the capitalist can, and has an incentive to, reinvest profits in new technologies. Marx considered the capitalist class to be the most revolutionary in history, because it constantly revolutionized the means of production.