ENVS 2000 Lecture Notes - Lecture 3: Dutch East India Company, European Colonialism, Wage Labour

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Historical dimensions ii: colonialism, the third world and the rise of the global south. European colonialism was accompanied by capitalism (socio-economic) (i) (ii) (iii) Capitalism: an economic system characterized by the private ownership of the means of production and operated for private profit. Fundamental change in social relations, in particular by the creation of wage- labour, and introduction to the working-class and bourgeoisie . One cannot have capitalism without the division of labour. Colonialism: direct rule of a people by a foreign state and is a general system of domination. Imperialism: the economic dimensions of colonialism (i. e. the economic domination of a people/country by a foreign power) 3 phases: mercenary capitalism cowboy entrepreneurs, collected exotic goods for europe. Great britain: dutch east india co. : holland and modern indonesia, hudson bay: canada! Responsible for fur trade: white european settlers started plantations (coffee, bananas, spices) which were based on slavery.

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