HISTORY 100AC Lecture Notes - Lecture 1: East India Company, W. E. B. Du Bois, Solomon Northup
21 Feb 2018
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When did america really become capitalist: joint stock companies/colonies/get-rich-quick, first factories in 1800s(lowell mills, plantations( factories in the fields), was slavery capitalism, birth of finance/stocks/shareholdings. Capitalism and freedom, business and the state, capitalism-race-gender-class. Iii. what is capitalism discussion: private property, profit, capital, freedom, exchange, competition, cultural national identity, anti-communism, wants/need value, economic identity, credit, efficiency, self-interest, mass production, maximizing utility, commodification of labor, consumption, labor/pride, V. summary: capitalism emerged through shift from feudalism to free labor, merchant capital to production capital, from local markets to mass markets of standardized commodities, from state to private ownership of corporations. From feudalism to free labor: capital made the atlantic world which in turn made capitalism, feudalism is a system of mutual obligation and overlapping ownership of land. Serf had obligation to the lord, and the lord owed the serfs, and they both owned the land landless people willing to take up labor for wages.
