ABSTRACT

By the eighteenth century, the situation had become clear: the historical development of capitalism moved from small nations to large nations, from countries with no or little agrarian background to those of substantial agricultural wealth. Chinese artisans had been separated from the merchandising of their wares long ago; this did not in one way or another affect the rise of capitalism. Weber believed that the self-denial ethics of Confucianism inhibited capitalism. The conditions sustaining capitalism found themselves applicable in the Dutch Republic. Capitalistic features of the settlement became more pronounced after the organization of the Bank of England in 1694. While moves toward free and equitable exchange of services and goods, Wartime Communism takes the road with collective and compulsory exchange. Marx enumerated the measures of the early accumulation of capital in the capitalistic countries; they involved slave trade, the utilization of slave labor, and the securing of war indemnities from defeated countries.