Nobody downloaded yet

History of capitalization - Essay Example

Comments (0) Cite this document
Write a history of both mercantile capitalism and industrial capitalism explaining their origins by focusing especially on the role of business people, government, and technology. Just like any other social system like democracy, capitalism is also an evolutionary system…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.1% of users find it useful
History of capitalization
Read TextPreview

Extract of sample
"History of capitalization"

Download file to see previous pages Neo-colonialism (that flourished after the 16th century) is just another name for Western influence by means of political, military and ‘economics’ of the third world (Naipaul 3). The European merchants benefitted a lot from the colonialism as the sub-states depended so much on their European masters; the African colonies are the best examples of this dependency (Naipaul 75) that nurtured Merchant Capitalism. People were buying things they didn’t need but they lacked the skill and knowledge to make things that people (especially in African colonies) (Naipaul 54) and the merchants capitalized on this. Africa wasn’t the only colony that gave a boost to Merchant Capitalism, the Indian subcontinent was once the capital of world trade. During the 17th century, the world trade was governed by Mercantile Capitalism, and the Indian subcontinent was the busiest workshop of the world. That place alone contributed to nearly a quarter of global manufacturing output (Robins 61). Considering what mercantilism means, it shouldn’t come as a surprise that various trading houses in India governed by people such as Amir Chand and Jagat Seth were wealthier than East India Company (Robins 65), which had huge military support and connections. The East India Company (a monopoly corporation) was an essential part of England’s commercial armory (Robins 48). This company alone revolutionized the whole business pattern of the world. Other than capitalizing on merchant trade, this company was accompanied by the British navy and headed by a brilliant Merchant brain, Sir Josiah Child. Just like other successful merchants of the world, Child believed that wealth lies in extracting as much as possible from the landed regions (Robins 48). India was known as the golden sparrow of the world and the East India Company had caught this bird and was enjoying the benefits. Child believed not only in military dominance but in commercial conquest abroad (Robins 49); the typical merchant business strategy. He traded with Mughals and got the better part of the trade by taking Bengal (Robins 49). Despite the fact that Mercantile Capitalism enjoyed world domination for centuries but like all other business tactics, time makes them old and they get replaced by a newer and a better one. By the end of eighteenth century, neo-colonialism didn’t remain as strong as it once used to be and lost its sparkle and with it went down the mercantile capitalism and the world witnessed the dawn of Industrial Capitalism. With the start of the nineteenth century, great revolutions in Industrial field manifested and formed the basis for factory culture. Machines such as spinning jenny and cotton gin ruled the manufacturing grounds and produced remarkable results in terms of efficient output. As opposed to Mercantile Capitalism, the new trade strategy focused more on capital intensive market rather than going for labor intensive flea markets. Less labor meant more machine work, and this is where people like Walter Shewhart and Eli Whitney come in. They revolutionized the trade with their great inventions (Green 74). Industrial machines such as spinning wheel, Spinning Jenny, Handloom and Power Loom etc., brought industry and trade to new heights. Productivity skyrocketed, and thus came mass production at lower prices. Technology wasn’t the only player in revolutionizing the trade; business practices played a huge part in it. Andrew Carnegie’s name will always be remembered in business reformation. Born in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“History of capitalization Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
History of capitalization Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/history/1457834-history-of-capitalization
(History of Capitalization Essay Example | Topics and Well Written Essays - 750 Words)
History of Capitalization Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/history/1457834-history-of-capitalization.
“History of Capitalization Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/history/1457834-history-of-capitalization.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Capitalization and Depreciation
counting follows uses the United States Generally Accepted Principles (GAAP) the principles contain guidelines regarding what can be capitalize in a company and how to go about it. When a company incurs costs, it can either capitalize on those costs or expense the costs.
5 Pages(1250 words)Research Paper
History of Canadian Labour
Fifty years later, the Labor revolt in 1919 marked out the dawn of a new era in the history of Canada. With the onset of spring, the residents of Winnipeg saw an unprecedented instance of labor unification on matters of common interest. Historically known as The Winnipeg General Strike, this unrest paralyzed both the public and private sectors, including banks, mail and food delivery system, telephones, newspapers, water supply and so on.
10 Pages(2500 words)Essay
History of the Computer
In 1617, John Napier invented logarithms, which allow multiplication to be done via addition. He also invented the Napier's Bones for using the logarithms in a more practical way. That invention led to the invention of the slide rule, which was built in England in 1632.
7 Pages(1750 words)Essay
American History
Ans. The history of Labor Movement and the labor unions in the United States, compared to history of industrialization in the United Kingdom, has never taken a concretized form. While in the earlier part of the 19th century, despite presence of ample
6 Pages(1500 words)Essay
History helps in making the necessary information concerning the past of everything that undergoes change. Modern science indicates that nothing can live to be stationary forever. Therefore, history illustrates information of everything that
1 Pages(250 words)Essay
Report of 500 words explaining the backgroung and history of APPLE COMPANEY
Around 200 units of personal computers were initially entered the market from Apple Company. The initial price of a Apple I computer was around $666. The company introduced the Apple II microcomputer in March 1977, and Lisa, the first
2 Pages(500 words)Essay
Arguments for and against capitalization of all leases
The Framework for the Preparation and Presentation of Financial Statements offers persuasive arguments to change to the capitalization of all leases. The current status shows that
7 Pages(1750 words)Essay
Capitalization requirement and efficiency
s the Conventional banks – where the principles of morality and equality are not widely applied; however, it seems that managers in Islamic banks have to face a series of functional problems which are developed mostly because of the lack of effective interpretation of Sharia
28 Pages(7000 words)Essay
The movie also demonstrates the importance of diplomacy and trade in the continuous struggle for supremacy. In addition to this, it illustrates the essence of last great figures who participated in the crusade.
1 Pages(250 words)Essay
What caused Microsoft to stumble and lose billions in market capitalization
The company failed speedily to provide strategies for survival in the new digital services and technologies. The new digital world has been expansive with many youthful populations
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic History of capitalization for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us