Economics -Capatlism Assessment
What were the major features of
(i) the period of ‘merchant capitalism’ (1500-1750) and
(ii) the period of ‘industrial capitalism’ (1750-1875), and in what ways did the ‘triangular trade’ contribute to the transition from one to the other?
Required Reading (compulsory for this question)
Capps, G. (2001) ‘1.1. The Expansion of Europe: Mercantile Trade 1500-1750’ (pp. 13-19) and ‘1.2. Industrial Capitalism and “Free Trade”: 1750-1875’ (pp. 20-27). In P. Panayiotopoulos and G. Capps (eds) World Development: An IntroductionLinks to an external site.. London: Pluto.
Williams, E. (1944/1994) Capitalism and Slavery. Chapel Hill: University of North Carolina Press. Chapter 3: ‘British Commerce and the Triangular Trade’, (pp. 51-84).
