- xxtra thiccLv 411 months agoFavorite Answer
No single person created capitalism, and capitalism was not a system that was just "created" by a person. Capitalism evolved out of feudalism. As feudalism developed, feudal property relations eventually became incompatible with new industry, and thus it was inevitably replaced by the owners of this new industry.
"The discovery of America, the rounding of the Cape, opened up fresh ground for the rising bourgeoisie. The East-Indian and Chinese markets, the colonisation of America, trade with the colonies, the increase in the means of exchange and in commodities generally, gave to commerce, to navigation, to industry, an impulse never before known, and thereby, to the revolutionary element in the tottering feudal society, a rapid development.
The feudal system of industry, in which industrial production was monopolised by closed guilds, now no longer sufficed for the growing wants of the new markets. The manufacturing system took its place. The guild-masters were pushed on one side by the manufacturing middle class; division of labour between the different corporate guilds vanished in the face of division of labour in each single workshop.
Meantime the markets kept ever growing, the demand ever rising. Even manufacturer no longer sufficed. Thereupon, steam and machinery revolutionised industrial production. The place of manufacture was taken by the giant, Modern Industry; the place of the industrial middle class by industrial millionaires, the leaders of the whole industrial armies, the modern bourgeois.
Modern industry has established the world market, for which the discovery of America paved the way. This market has given an immense development to commerce, to navigation, to communication by land.
The bourgeoisie, during its rule of scarce one hundred years, has created more massive and more colossal productive forces than have all preceding generations together. Subjection of Nature’s forces to man, machinery, application of chemistry to industry and agriculture, steam-navigation, railways, electric telegraphs, clearing of whole continents for cultivation, canalisation of rivers, whole populations conjured out of the ground — what earlier century had even a presentiment that such productive forces slumbered in the lap of social labour?
We see then: the means of production and of exchange, on whose foundation the bourgeoisie built itself up, were generated in feudal society. At a certain stage in the development of these means of production and of exchange, the conditions under which feudal society produced and exchanged, the feudal organisation of agriculture and manufacturing industry, in one word, the feudal relations of property became no longer compatible with the already developed productive forces; they became so many fetters. They had to be burst asunder; they were burst asunder.
Into their place stepped free competition, accompanied by a social and political constitution adapted in it, and the economic and political sway of the bourgeois class."
- ZirpLv 711 months ago
It evolved and them got out of hand
Some people in the Netherlands invented Fractional Reserve Banking around 1601. Without creating ever more money out of thin air, we could still live in the dark ages, surviving on a few dollars a day. There wouldn't have been enough money to build ships, hire crews and make colonies.
- DavidLv 711 months ago
Capitalism has been going on for thousands of years, at minimum. Probably some ancient cattle or sheep rancher.
- humptyLv 711 months ago
The first middle man who bought surplus grain from a farmer and sold it to a village dweller, probably somewhere in modern day Iraq. For an incredibly detailed and much better documented analysis I recommend Braudel's defininitive history of capitalism, "The Structures of Everyday Life," which was so good it was used as a textbook on both sides of the Iron Curtain.
It was required reading when I took my history degrees at Harvard, but be warned: the first three hundred pages are abour how he gathered his statistics and are very heavy reading. The next thousand are a completely unbiased account of how modern capitalism emerged from the medieval marketplaces.
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- Anonymous11 months ago
It grew from the end of feudalism as the middle ages became early modernity. Rise of towns and cities. Trade and commerce. Workshops gave way to factories. Transatlantic exploration- resource extraction fueled manufacturing. Slavery required food stuffs and other supplies. Cotton fed the mills of England. Exports and imports. Cash over barter, cash crops over food crops. And so on and so forth.
- Anonymous11 months ago
Adam Smith wrote a book called the Wealth of Nations. That is one of the primary sources for it.
- marsel_duchampLv 711 months ago
No one in particular. It arose out of human dealings in goods and services. It did not come about in all cultures at the same time though.
- 11 months ago
We Did the Spansih, but like Einstein and the splitting of the Atom, i have mixed feelings about it....btw don't take others or indeed my word for it check it out for yourself..
- Uncle PennybagsLv 711 months ago
I doubt it has any recorded creator.
At some point, some caveman probably had extra furs he had hunted and offered to trade some to some other caveman who had some extra food, and voila, Capitalism was born.
- LudwigLv 611 months ago
- Anonymous11 months ago