SOC236H5 Lecture Notes - Lecture 11: Bretton Woods System, Creative Destruction, Cotton Gin
29 Mar 2018
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Document Summary
The readings and videos show how colonialism was fundamentally an economic relationship that created links between the global north and south. The book examines the development of global capitalism through the lens of a single commodity: cotton. How the imperative of commodity production necessitated forming trade, labor and political capitalism. Empire of cotton: sven beckert: video (summary of empire of cotton) How one commodity can help us understand the making of modern world. Cotton became the catalyst for global economy. It relates to ways that we often don"t think: slavery. Come away with a different perception of the world. This book examines how the world-economy was made truly global. A commodity is any good or service produced by human labor and offered as a product for general sale on the market. It has a value, which is a function of the quantity of human labor that goes into producing the commodity.
