16th Century America Capitalism Research Paper

Capitalism is an economic system in which the industries and trades are controlled by individuals rather than government. In the 16th century as Europe was becoming an economic center and was booming. The main reason for this economic boom was Europe’s colonies. When these European countries would establish a colony, they would impose a trading monopoly by banning foreign merchants and ships and selling their own products. First signs of capitalism started to emerge from Europe. Britain was the first country where capitalism developed faster and was far more ‘productive’ than anywhere else. Because of having more raw materials from colonies, like America and India It produced more goods and cheaply. Industrial revolution throughout Europe exploded capitalism in

economy was booming capitalism was the main reason for that economic boom. This capitalism affected U.S. culture in a lot of different ways. The first affect of capitalism on the U.S. culture was the wave of immigrants they came from all over the world in search of work and to have a better future. These immigrants filled the jobs that other people didn’t do and they also did on fewer wage. These immigrants brought their own cultures with them and they lived in a community together, for example Chinatown and Korea town. As corporations became bigger and expanded because of capitalism it affected American culture. Families divided, our culture transformed to individualistic culture. Today America is more known because of the big corporations for example Google, Apple, Microsoft, Wal-Mart etc. Due to this control of these big corporations on our media and us, our culture is more focused on competitiveness and consumption. According to Sorrelles “interpersonal relationships are mediated, and experienced in terms of costs and benefits. Often human relationships are mediated and expressed through commodities, where relations with people are secondary to relationship with things”(Sorrells