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Potosi tutino defines capitalism as the switch from

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Unformatted text preview: om the aristocracy and a new system to find profit margins not based on a rigid social hierarchy like Europe. But, could argue that there is still an aristocracy AND slave labour BUT, examples of people from outside the Spanish social system that became successful in the new markets The silver from the mines was an immediate resource to be able to trade with China- non- perishable, high demand, fuelled global economy. Potosi Tutino defines capitalism as the switch from subsistence...
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