EMPIRE OF COTTON.docx - Surname 1 Course Professor Date...

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Course Professor Date History Book Analysis Sven Beckert's “EMPIRE OF COTTON: A Global History” documents more than the history and rise of a particular product. Production of cotton on large scale gave rise to capitalism. During the industrial revolution, a brutal form of capitalism occurred. Current age capitalism refers to markets, contracts, labor, and wages. However, an earlier form of capitalism was characterized by slavery, coercion, and control of markets. America has been famously known for being at the forefront of capitalism concept and realization. Empire of the cotton book analyzes cotton and its role in the rise of capitalism. The growth of cotton became a huge factor in many countries; China, Japan, Egypt, Brazil, and, Europe. Each country produced cotton to serve markets (Beckert 78). The book takes a look at labor relations and conditions under which ‘cotton empire rises.’ Key factors contributing to the success of early capitalism were slavery, discrimination, and labor immigration. The book Empire of Cotton is historically important in terms of an understanding of early forms of capitalism. Berkert refers to the early form of capitalism as ‘war capitalism’ Discussion of cotton as a product in the book provides a broader scope considering all key places in the industry. Modern-day capitalism considers mostly of firms and markets. An understanding of the conditions of laborers gives a unique perspective. Surname 1
Sven Beckert's book provides an analysis of how cotton production shaped new and old capitalism. Through one single product, Europe, Asia and America took part in industrialization that shaped the modern world to date. Again, Beckert offers further perspective and comparison into how other commercial crops developed over time. The development of products gave rise to the economy in different countries. European nations took advantage of the cotton trade to expand to new markets and attain control. Cotton as a product attracted markets in; Africa, Asia, France, Europe, and America. With such high demand, production was in large firms. To satisfy markets, slaves were procured to work in firms. Forceful labor constituted a major production unit for cotton firms. For instance, in America, slaves would be procured and transported to work. Certain locations offered

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