World Events

Authors

  • Scott Nearing

DOI:

https://doi.org/10.14452/MR-011-03-04-1959-07-08_7

Keywords:

Political Economy

Abstract

Capitalism struck roots into the economic soil of western and central Europe during the Middle Ages. Menaced by powerful enemies, the immature, tender institution of private enterprise for personal profit grew slowly through centuries of experimentation and struggle for survival. It was only after 1750 that capitalism began the rapid upsurge that reached its high point in the great leap of financial imperialism from 1870 to 1910. The years from 1750 to 1910 may be called the epoch of rapid capitalist expansion—expansion in production, trade, commerce, finance, and the occupation and exploitation of colonial and other dependent territories.

Published

1959-07-06

Issue

Section

World Events