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Course Professor Date History Book AnalysisSven Beckert's “EMPIRE OF COTTON: A Global History” documents more than the history andrise of a particular product. Production of cotton on large scale gave rise to capitalism. Duringthe industrial revolution, a brutal form of capitalism occurred. Current age capitalism refers tomarkets, contracts, labor, and wages. However, an earlier form of capitalism was characterizedby slavery, coercion, and control of markets. America has been famously known for being at theforefront of capitalism concept and realization. Empire of the cotton book analyzes cotton and its role in the rise of capitalism. Thegrowth 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 atlabor relations and conditions under which ‘cotton empire rises.’ Key factors contributing to thesuccess of early capitalism were slavery, discrimination, and labor immigration. The book Empire of Cotton is historically important in terms of an understanding of earlyforms of capitalism. Berkert refers to the early form of capitalism as ‘war capitalism’ Discussionof cotton as a product in the book provides a broader scope considering all key places in theindustry. Modern-day capitalism considers mostly of firms and markets. An understanding of theconditions of laborers gives a unique perspective. Surname 1
Sven Beckert's book provides an analysis of how cotton production shaped new and oldcapitalism. Through one single product, Europe, Asia and America took part in industrializationthat shaped the modern world to date. Again, Beckert offers further perspective and comparisoninto how other commercial crops developed over time. The development of products gave rise tothe economy in different countries. European nations took advantage of the cotton trade toexpand to new markets and attain control. Cotton as a product attracted markets in; Africa, Asia, France, Europe, and America. Withsuch high demand, production was in large firms. To satisfy markets, slaves were procured towork 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