MACS 3910 Lecture Notes - Lecture 1: Triangular Trade, Steam Engine

• School: University of Windsor
• Department: Sociology, Anthropology and Criminology
• Course: MACS 3910
• Professor: Dr.Mark Munsterhjelm

Document Summary

Local and international trade has long history but most people only lived within a few square miles of their birthplace. Capitalism is different because: entire societies were organized, often violently, towards the generations. 1770-90"s: steam engine invented- faster and runs on coal. 1780: cotton gins invented: allows rapid processing of cotton. Mid 1800"s: development of power looms for weaving textiles. Involves the following: capitalist organized socities, urban centered, market oriented, government in support through law, education, treaties, policies, taxation, infrastructure. Late 1700"s to early 1900: rapid industrialization. Urbanization: migration from rural to urban as people pushes off land. European empires expand by 1900 and control 85 percent of globe.