By Daniel Gaido
Publish yr note: First released in 2006
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Applying sure Marxist different types of research to the examine of yank historical past, the imperative thesis of this notable e-book is that the most peculiarity of yank old improvement was once the just about direct transition from a colonial to an imperialist economic climate.
Expertly facing such themes as:
* the yank Revolution and the Civil battle opposed to the heritage of the eu bourgeois revolutions
* the impact of the Western land tenure approach at the technique of capital accumulation
* the passage from plantation slavery to sharecropping within the South and its legacy of racism
* the transition to imperialism in the direction of the tip of the 19th century
* the increase of the labour stream and the most American socialist businesses as much as the top of the 1st global War.
A precious source for postgraduate scholars and researchers of commercial experiences and American experiences, Gaido’s textual content will absolutely discover a position at the bookshelves of many.
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Additional resources for The Formative Period of American Capitalism: A Materialist Interpretation (Routledge International Studies in Business History)
Sample text
An attempt to justify the confiscation of Southern land under the pretense of doing justice to the freedmen, strikes at the root of all property rights in both sections. 71 On June 21, 1871 the New York Tribune noted that there were 6,000 native adult whites in Georgia who cannot read or write, and if to them were added the whole bulk of the negro population, so vast a mass of ignorance would be found that, if combined for any political purpose, it would sweep away all the opposition the intelligent class might make.
50 When the Lassalleans experienced a similar enthusiasm for Bismarck’s quarrels with the German bourgeoisie, Marx reminded them that the Junkers’ income was derived from the crudest and most brutal forms of exploitation, that their critique of capitalism was a reactionary one, and that it was the duty of the revolutionary working-class party to support the historically progressive struggle of the bourgeoisie against pre-capitalist dominant classes while remaining politically independent from the capitalist parties.
96 With the progress of civilization and population, Ricardo argued, men are forced to cultivate less fertile and worse located land, and the same amount of capital applied successively to the same land does not yield the same produce. 98 Eventually, Ricardo predicted, the rate of profit would fall to such a low level that there would be no motive for accumulation, and the economy would stagnate. ”99 The economic antagonism between landlords and the other classes of capitalist society and the role of ground rent as a barrier to capital accumulation are therefore clearly outlined in the Ricardian system.