Slve trades and industrial revolution Essay Example | Topics and Well Written Essays - 750 words

Slve slynesss and industrial vicissitude - Essay ExampleA farmer who produced for his family did not require a commercialise precisely when the superfluous pig or eggs were taken to the local market to sell in exchange of coin, a market system came into existence. This coin was used to buy cloth for the family. The capital was now better employed because it could produce something. The market started penetrating material life, the peasant started having an income with which to buy goods, and the labor and land became subject to the market process. The capitalist could then hire labor and rent the land in order to reduce cost by operating on a larger scale than just for the family.The organization of capital changed but the people are not capitalists. Everyone is a worker or a small business humans producing commodities. Small businesses sell their services or their produce in exchange for some money plot the capitalist starts by borrowing money to produce a commodity and sell it for money. This requires input of labor, au naturel(p) material and other inputs and the intention is profit. This is the social dissipation, the new form that the capital took since 1400.The Atlantic slave trade that started as a trickle in 1440s grew gradually through 17th century. By 1780 an average of 80000 African slaves arrived on American shores (MSN, 2006). Slaves were the greatest exports at one point of time. The plantation slavery in the Americas and the Atlantic slave trade became important to the global expansion of capitalism.When technology was introduced in farming labor became surplus in Europe but emerging capitalism financed explorations in Africa, Asia and the western hemisphere. New World fortunate led to even more rapid European expansion. As the capitalists started viewing the New World as a potential for agricultural productions, the need for labor expanded. This led to the exploitation of slave labor. The vast absolute majority of slaves transported to America worked on agricultural plantations. The Atlantic slave trade gained