ANT100Y1 Chapter Notes -World-Systems Theory, Cash Crop, Capital Accumulation
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ANT100Y1 Full Course Notes
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Document Summary
Capitalist world economy: the single world system, which emerged in the 16th cen, committed to production for sale, with object of maximizing profits, rather than supplying domestic needs. Capital wealth / resources invested in business, with the intent of producing a profit. Core more powerful nations, largest capital accumulation, sophisticated technologies, control over finance (us germany japan) Semiperiphery intermediate, exports to core and periphery nations, source of cheap labour (brazil, india, china) Periphery least powerful nations, less mechanized industries, exports raw materials and agri commodities, source of cheap labour (bangladesh, haiti etc. ) Monocrop production 17th cen plantation economy based on a single cash crop. Karl marx saw socioeconomic division b/t 2 opposed classes: Bourgeoisie (capitalists) owners of factories, mines, farms etc. dominated key institutions proletariat (property-less workers) had to sell their labour to survive classes powerful collective forces that could mobilize human energies to influence course of history. 2nd phase europe competed for colonies b/t 1875-1914.
