SOSC 1510 Lecture Notes - Lecture 1: Capital Accumulation, Wage Labour, Industrial Revolution
26 Nov 2016
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The origins of capitalism september 21 lecture 1. Imperialism: domination of other nations by france, the uk and the usa. Colonialism: occupying new france and british north america, and displacing the rst nations. Staples trade: exploit the resources of the new world of export. Immigration: rst form europe, us, and now wider. Role of government: to sponsor ships, canals, railways, and other infrastructure to assist development; to make treaties with indigenous peoples, to enable democracy while protecting the wealthy. Globalization: diversifying domination: creates jobs, which is good, the bad side to it is that it helps the rich get richer, and its prone to crisis because it fosters inequality. Capitalism is an economic system them in which trade, industry, and the means of production are controlled by a few owners with the goal of making pro ts in a market economy. Central characteristics of capitalism include capital accumulation, competitive markets and wage labor.
