Capitalism and the Transformation of Winnipeg
Working Life 1
From Feudalism to Capitalism in England
1.
What is Capitalism?
2.
The Development of Capitalism in England
a)
The Transformation of Agriculture
b)
Early Manufacturing
c)
The First Industrial Revolution
What is Capitalism?
(Me) Capitalism is working for someone else.
Getting paid for doing a skill. Introducing a
working class.
(Partner) Working for money not food or clothes.
Having more than just living expense
Time oriented
(Class) Mode of production
Individuals wealth expansion
Ownership private property land $
Labour bought and sold for wages
(Teacher) Not a way of thinking, shape the way we think and our ideas.
A mode of production as 3 key features
1.
Most goods and services are produced for sale (produced as commodity) (before
most were produced for immediate consumption.
2.
Competition
3.
Labour power is a commodity (ability of people able to work) (buying selling to work)
(market ready society)
Adam Smith – Scottish – founding Farther on modern Economics
o
Naturally given to trade
o
Capitalism was natural
o
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- Fall '15
- DAVID CAMFIELD
- Industrial Revolution, Land, Lords
