The history of Capitalism

1、The history of Capitalism Capitalism is an economic system Its production are privately owned and operated for a private profit Decisions are made by private actors in the market rather than planning by the government The Capitalism including Four periods 1、Mercantilism 2、Industrialism 3、Keynesianis

2、m and neoliberalism 4、GlobalizationMercantilism Time:between the sixteenth and eighteenth centuries Origin:This period was associated with geographic exploration of the Age of Discovery, and the rapid growth in overseas tradeThis is the famous explorer in the Age of Discovery,he discovered the Ameri

3、caIts Theory Mercantilists argued that a state should export more goods than it imported so that foreigners would have to pay the difference in precious metals Mercantilists asserted that only raw materials that could not be extracted at home should be imported At the period from the eighteenth cent

4、ury, the commercial stage of capitalism originated from the start of the British East India Company These companies were expansionary powers given to them by nation-states. During this era, merchants, who had traded under the previous stage of mercantilism, invested capital in the East India Compani

5、es and other colonies, seeking a return on investment(投资率）Industrialism Time and origin: In the eighteen centuries,The First Industrial Revolution broke out, the industrialist replaced the merchant as a dominant actor in the capitalist system,at the same time,the technology is developing quickly.Thi

6、s is watt,he is improving the steame engine In this period, Britain also abandoned its protectionist policy(贸易保护主义)，as embraced by mercantilism.the world market is developing. Many invention came to world at this time,too. with their uses appears,The handicraft industy is replaced by machine industy

7、,in 1840,Britain finished The Finst Industrial Revolution, became the first industrial countriesCurrent Situation By the early 21st century, capitalism has become a widely pervasive economic system worldwide, with the collapse of the Soviet bloc in the early 1990s . The United States in particular h

8、as continued to push for the global adoption of capitalism, although not as aggressively as was done during the Cold War. However,capitalism still faces rivalry, particularly with the rise of new socialist movements in Latin America, most notably Bolivarianism(玻利瓦尔主义). With the economic crisis , socia