History 1807 Lecture 9: Lecture 9
6 Nov 2015
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Document Summary
Early modern period does roughly is provided a degree pf order (security) that was lacked in the medieval period. The rise of banks and stock markets. Then lastly examine the key figures of the history of capitalism. Nobody is questioning capitalistic ideas in the modern vote. Nobody is saying we need a new system. Communism the past 60 years has been looked at worse than capitalistic society. Market emerges due to adam smith, he wrote the book wealth of nations in. He believed that capitalism would be the only system that could control the people. This is when the thought of supply and demand came into place. People think that communism was a brutal theory imposed on the people. Chief theory of capitalism is because of adam smith. Globalization is something most people believe in today. Much pollution due t globalization, can lead to an environmental collapse. Gdp and gnp are how our economies are measured.
