The Causes Of The Capitalist Revolution In Europe

One economic system used in Europe during the Middle ages was manorialism, and one system used during the Industrial Revolution was capitalism. Manorialism was used back when there were kings and peasants, and rendered the peasants dependant on the king's land. Capitalism is when the economy is controlled by private businesses, and not the state or

The Industrial Revolution of the eighteenth and nineteenth centuries was arguably the most important turning point in history. It transformed the manufacture of goods from craftsmanship to commercialism, exponentially increasing output and decreasing production cost leading to prosperity and an unprecedented supply of goods for the markets of the world. Industrialization and mass production was the fuel which ignited the flame of capitalism which was already established creating bringing sweeping changes in wealth and its distribution. Within a few generations the very fabric of society was virtually remade as millions left the farms and villages of the countryside for jobs in the cities. This monumental change did not immediately sweep

As civilization has evolved, economic inequality has existed since the feudal era and has made its place in modern society. It is a dilemma that examines the gap between the low wealth of the middle-class worker and the profitable earnings of the monopolizing upper-class business owner. It is a socio- economic issue that can best explored through the lens of the conflict theory; thoroughly explaining as to how the wealth gap came to exist and the consequences of such an economic state on the interaction between the middle-class worker and the wealthy businessman.

The Catholic Church was by far the largest owner of land during the Middle Ages. While bishops and abbots occupied much the same place as counts and dukes in the feudal hierarchy, there was one important difference between the religious and secular lords. Dukes and counts might shift their loyalty from one overlord to another, depending on the circumstances and the balance of power involved, but the bishops and abbots always had (in principle at least) a primary loyalty to the church in Rome. This was also an age during which the religious teaching of the church had a very strong and pervasive influence throughout Western Europe. These factors combined to make the church the closest thing to a strong central government throughout this period.

When the plague struck lots of the population of slaves and peasants died, which meant that there was a huge struggle for landowners to find workers for their fields. This meant that peasants could demand higher wages and had lots of bargaining power. This is because if landowners didn’t have workers than they wouldn’t be making any money, which would lead to their loss in wealth. Another way the feudal system was changed is that usually skilled artisans and craftsmen handed down their family business to their sons. However if these descendants were dead then craftsmen and artisans had to employ new workers, which meant peasants and slaves acquired more important skills. And finally, because of these reasons there was a growth in the middle class. The middle class are not slaves, but not nobles. This meant the population became more equal and many different jobs arose for people. Changes to the feudal system allowed Europe to grow closer to what we know it as

The Dual Revolution was a period of political and economic revolutions that helped change the trajectory of the world. The Dual Revolution was a concept created by Eric Hobsbawm that lasted from 1750-1850. The changes that occurred during this period were a result of revolutions that led to the formation of the modern world. The new modern world helped with the way people worked, communicated, and thought. The Dual Revolution led to political and economic changes that improved the lifestyles of many people during this period and helped form a modern world.

The population losses among the previously overpopulated peasant class, who at this time were underemployed due to this overpopulation, were able to haggle for higher wages and better terms when it came to working, renting, and owning land. At the same time, the sudden loss in population meant the nobles could not demand high prices for product which weakened their power of wealth. This coupled with the higher earning wages of the peasant class meant they could move up in the social order to become farmers themselves or merchants of equal social standing. This period of social mobility didn’t last long, but it allowed for the end of feudalism as it was known during the Middle Ages. The end of feudalism meant the end of kings and nobles being able to give land in return for anything they could ever need including food and protection from knights. While it was still an important part of social class, land was no longer in the very center controlling every decision. In the years before the Black Death, it was the peasants who gave food and work to the knights. The knights then gave protection to nobles which gave money and the knights’ protection to the kings. In return, the king passed down land throughout the social classes. Although, the lower classes had the opportunity to accumulate land for the services they provided, in the end

Capitalism started up as a system of investing and sharing money in order to increase the value of resources in the future. Capitalism was just an economic system, but then soon turned into a complex system of ethical practices. Harari defines capitalism as, “a set of teachings about how people should behave, educate their children and even think” (Harari 314). This economic system evolved along with the people that were endorsing it. Capitalism enables the rich to get richer, while the poor continue to get poorer. There are many benefits to capitalism, but there are downfalls as well, and these downfalls tend to be masked because of the rapid speed capitalists grow at. Harari first presents a definition for capitalism, and soon goes into great detail on why capitalism, while fast paced and unforgiving, is able to stand unwavered while other productions fail.

The Industrial Revolution in Europe changed Europe to this day. This began in the United Kingdom in the 1700s and expanded to Western Europe in the 1800s. During the Industrial Revolution, this provided new technology, a surplus of food, trading and different ways of producing goods for countries. The women and children in Europe had to work hard and work in the mills. They did this to give enough money for their family to live on. Politics also changed during the Industrial Revolution. Thus, the Industrial Revolution affected many people and to discover new technology and ways of thriving life.

In was during medieval Britain that feudalism ruled the land. The social hierarchy was labelled as estates and it was the private ownership of the land that differentiated the estates from one another. Those in the higher estates who controlled ownership of the land had more legal rights and luxuries than those from the lower estate. Those from the lower estates had a legal obligation by law to fulfil duties to those whom were above them. Any ownership of private land was ascribed at birth and there was very little social upward mobility. It was then that society went through a drastic and fast transformation. The introduction of new machinery created a prominent industrial society which created a capitalist society. It was then for the first time that most of the work took place amongst factories. The work was then divided into specialised areas and overlooked by managers. Throughout this capitalist era societies were referred to as modern societies (Cohen & Kennedy: 2007).

Before the industrial revolution, Europe was mostly dominated by farmers but as the industrial revolution progressed this changed dramatically. Industrial revolution had a significant impact in the process by making new demands that shaped the way of life through increased competition and technological innovation. Generally, it was a historical period that sparked in a stroke a number numerous changes in the economic, social and political dimensions. It is considered as a period that made the biggest impact on 19th century Europe considering that it was the period that the countries realized significant progress that shaped their economies in great details with nationalism and imperialism as well being direct impacts of the revolution.

The French Revolution, also known as the Revolution of 1789 was a traumatic movement that had an affect on both France and the world during the late 17th and early 18th century. This Revolution lasted from 1789 until 1814, for it made a large impact on the nation that caused a turning point in the history of the world. During this time, many events occurred like the executing of KIng Louis XIV and the rule of Napoleon.

In the mid-19th century, a great system of economics, which would change our lives forever, was formed. That system was called capitalism. Capitalism is an economic system that was created by combining many parts of many other economic systems. Capitalism was based on the idea that private individuals, and business firms would carry out all factors of production and trade. They would also control prices and markets on their own. Mercantilism was the precursor to Capitalism although each of them different in many ways. Mercantilism was for the wealth of the state, while the motive of capitalism was for the wealth of the individual.

The seventeenth and eighteenth centuries were full of evolving social and economic ideas. These views of the social structure of urban society came about through the development of ideas taken from the past revolutions. As the Industrial Revolution progressed through out the world, so did the gap between the class structures. The development of a capitalist society was a very favorable goal for the upper class. By using advanced methods of production introduced by the Industrial Revolution, they were able to earn a substantial surplus by ruling the middle class. Thus, maintaining their present class of life, while the middle class was exploited and degraded. At this time in history, social

"Pure capitalism is characterized by private ownership of resources and by reliance on markets, in which buyers and sellers come together and determine what quantities of goods and resources are sold and at what price. Here no central authority oversees production and consumption. Rather, economic decisions are coordinated by the actions of large numbers of consumers and producers, each operating in his or her own self-interest. Because property is privately owned, it can be used in whatever manner its owner chooses (Ragan and Thomas, p. 46)."