Explain the rise of capitalism by discussing how the Netherlands and the Dutch East India Company (VOC) became rich during the Age of Explorations.
300/350 words max.
Plagiarism from the internet and from the slides on Classroom will result in a 1 on Magister. You can use materials from the internet and from the slides on Classroom provided that you rephrase it in your own words.
See below the historical concepts you need to appropriately use in your Historical Report. You need to explain each of the following concepts and/or use appropriate examples to clarify them in the context of your Historical Report.
1. Capitalism;
2. Mercantilism;
3. Dutch East India Company (VOC)
4. colony/colonies
5. Dutch merchants/explorers
Answers
The history of capitalism is diverse and has many debated roots, but fully fledged capitalism is generally thought by scholars[specify][weasel words] to have emerged in Northwestern Europe, especially in Great Britain and the Netherlands, in the 16th to 17th centuries.[citation needed] Over the following centuries, capital accumulated by a variety of methods, at a variety of scales, and associated with much variation in the concentration of wealth and economic power. Capitalism gradually became the dominant economic system throughout the world.[1][2][3] Much of the history of the past 500 years is concerned with the development of capitalism in its various forms.
It is an ongoing debate within the fields of economics and sociology as to what the past, current and future stages of capitalism[vague] consist of.[weasel words] While ongoing disagreement about exact stages exists, many economists have posited the following general states.[weasel words] These states are not mutually exclusive and do not represent a fixed order of historical change, but do represent a broadly chronological trend. {{citation needed|dateno government intervention in the economy.[citation needed]
Agrarian capitalism, sometimes known as market feudalism. This was a transitional form between feudalism and capitalism, whereby market relations replaced some but not all feudal relations in a society.[citation needed]
Mercantilism, usually in historic context, is the use of a variety of economic policies that aim to protect domestic trade from foreign competition, commonly by raising tariffs on imported goods and giving subsidies to domestic producers.[citation needed]
Industrial capitalism, characterized by its use of heavy machinery and a much more pronounced division of labor.
Monopoly capitalism, marked by the rise of monopolies and trusts dominating industry and other aspects of society. Often used to describe the economy of the late 19th and early 20th century.[citation needed]
Colonialism, where governments sought to colonize other areas to improve access to markets and raw materials and assist state-owned capitalist firms.[citation needed]
Welfare capitalism, the implementation of laws and government funded social programs, such as minimum wage and universal healthcare, with the aim of creating a social safety net.
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