Social Justice and Peace Studies 1025F/G Lecture Notes - Lecture 1: Two Row Wampum Treaty, Inter Caetera, Primitive Accumulation Of Capital
14 Dec 2018
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Socljust 1025f lesson 1 colonial origins of capitalism. Arrived in the bahamas in october 1492. After his arrival, 2 years later, half of the 25000 indians on haiti were dead. Both colonialism & imperialism involve political/economic domination of a territory. Colonialism usually involves people who settle & live permanently in a new territory. Now, 60 years after columbus arrived, 99. 8% of the population was dead. Before columbus, north america had about 10 million indigenous people; south. 1650, na had 1 million & sa had 3. 5 million (apprx. Reasons for colonialism primitive accumulation of capital necessary for the birth of capitalism. Marx thinks: violence and colonialism are necessary to kickstart capitalism by amassing a pile of wealth that can be used to invest in businesses. Also: primitive accumulation involves dispossessing a population: this creates land that can be bought and sold in the market & it creates a population who have to become workers in order to survive.
