scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,391
In the development of the modern world the institution known as capitalism has virtually exploded and has reached in some aspect almost every nook and cranny of the globe Although capitalism is a very powerful force in this modern world its origins are not well known or documented and therefore a debate amongst historians to understand how this unique economic system came to be has emerged Ellen Meiksins Wood is of the opinion that capitalism was originally developed in Britain specifically England and that it is unique to this region and this region alone In her book The Origin of Capitalism Wood discusses the factors that caused England to bring about the social changes required in order to allow capitalism to become the standard for trade and economics in that country However it is prudent to understand the world around England during this time in order to understand why capitalism developed in England in the first place During the time in history when feudalism was dying out there were several countries that would be considered to be advanced or ahead of their time at least when compared to England Florence for example was the heart of the Renaissance and it was a bustling city that was a hub for all types of pre-capitalistic trade and innovation According to Wood Florence at that time far surpassed England yet that northern backwater was then on the verge of its capitalistic development while the opulent Italian city-state failed to take that route Another highly developed nation that co existed with pre capitalist England was the Dutch Republic The cultural achievements and its commercial wealth of the Dutch far exceeded that of England at the time and the country pioneered some of the most sophisticated practices used today including banking stock trading and financial speculation The Dutch Republic also had an unusually large urban population that relied on commerce and trade for their profits However despite these huge
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA