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Emergence of Capitalism in Western Europe - Essay Example

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In the paper “Emergence of Capitalism in Western Europe” the author analyzes the emergence of capitalism in Western Europe in the 17th to 19th century and the major elements that differentiated it from the earlier feudal system. The decline of feudal system gave rise to capitalism…
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Emergence of Capitalism in Western Europe
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Emergence of Capitalism in Western Europe

Download file to see previous pages... ationship amongst the various processes of production, distribution, consumption and exchange, it was, nevertheless unable to visualize the importance of creating facilitating environment of growth through incentives to farmers. The farmers were therefore forced to produce not for profit but for sustenance. Another key factor that contributed to the decline of feudalism was its tendency to encourage population growth for both the peasants and the feudal lords (Dobb, 1963). The large peasant family helped in farming but it led to defragmentation of land holding and lower production in the long run. The enlarged family of local rulers strengthened their political power as the family members were absorbed in the military. This again put pressure on the farmers as surplus was used to support growing number of military. The enlarged family of rulers also witnessed reduced power as land was divided amongst larger number of inheritors. In order to strengthen the position of feudal lords, the major states of Western Europe like Germany, France, Italy, Portugal etc. raised taxes and appropriation on surplus that led to the widespread revolt of the peasant (Maddison, 2007). The revolt of peasants was joined by the proletarian class which significantly helped in the fall of feudal system in Western Europe. All these factors became key issues for the decline for feudal system in Western Europe. 3. Emergence of Capitalism in Western Europe in 17th to 19th century One of the most important factors that had emerged from the fall of feudalism was the development of bartering economy and expansion of trade over larger geographical areas (Ingram, 2008). The money was minted and used for payments in various economic activities like sale and purchase/ lease/ rent of land, goods and...
The enlarged family of local rulers strengthened their political power as the family members were absorbed in the military. This again put pressure on the farmers as surplus was used to support growing number of military. The enlarged family of rulers also witnessed reduced power as land was divided amongst larger number of inheritors. In order to strengthen the position of feudal lords, the major states of Western Europe like Germany, France, Italy, Portugal etc. raised taxes and appropriation on surplus that led to the widespread revolt of the peasant (Maddison, 2007). The revolt of peasants was joined by the proletarian class which significantly helped in the fall of feudal system in Western Europe. All these factors became key issues for the decline for feudal system in Western Europe.3.  Emergence of Capitalism in Western Europe in 17th to 19th century One of the most important factors that had emerged from the fall of feudalism was the development of bartering economy and expansion of trade over larger geographical areas (Ingram, 2008). The money was minted and used for payments in various economic activities like sale and purchase/ lease/ rent of land, goods and services. The peasants and farm workers were more motivated because of wage based labour. Most importantly, the payment system in standardized form of money made it easy to switch the occupation, the feudal soldiers and serfs could now be replaced with paid soldiers and peasants boasting greater skills. It helped to highlight the importance of labour. ...Download file to see next pagesRead More
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