SOC227H5 Lecture : September 21 Lecture Note
Document Summary
The process of accumulating and processing society"s resources. The accumulation and processing of raw materials through a system whereby a small number of people own and control the process of creating goods and services and the majority of people work for them for a wage. Pro-capitalist economy: wage-labour rate - idea of selling one"s labour work for a wage. Wealth fuelled the growth of industrial capitalism - allowed for the accumulation of wealth needed to invest in industrial technology. Factory system - helped to build cities, for they needed workers to be nearby. Independent artisans and peasants became wage workers. Women"s work undervalued and under-rewarded throughout history. Male-female differences in employment are almost solely a product of socially-created gender roles and ideologies. Women have always played an important economic role. Ideological separation of public and private spheres. Immigration became important source of labour during labour shortages.
