LABR 1F99 Lecture Notes - Lecture 5: European Colonialism, White Supremacy, Wage Labour
5 Oct 2016
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Origins of capitalism: europe, africa, and the americas. Colonialism involves on society seeking to conquer another and then rule over it. The colonizer/colonized relationship by nature an unequal one that benefits the colonizer at the expense of the colonized. European countries worked to conquer the americas, africa and most of asia between the end of the 1400s and the 1800s. Europe gains access to resources including gold, silver, furs, tobacco: these could give an economic boost to the feudal societies that existed in most of europe at that time. European capitalist economics access cheap natural resources/raw materials and cheap labour, boosting profits. Enslavement of millions of africans to work on plantations in the americas producing sugar, cotton (two most important), coffee and tobacco. 12. 5 million africans were enslaved and shipped to work on the plantations in the new world . The profits of slavery stimulated european and american economic growth and the growth of capitalism.
