Feudalism Essay

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The emergence of capitalism in Western Europe was considered as a majority change in human history. As prior to the emergence of capitalism conditions are mainly agriculture and there was no sustained monotonic income per capita. Also prior to the emergence of capitalism there was a feudal system of organising the economy emerged in the 15th century of medieval Europe. Early Feudalism started after the fall of the Roman Empire, which led to no law being in place protecting the poor people who then turned to the lord of the manor for protection which saw the beginning of Feudalism. The Feudal system had no type of economic system in place; instead it was a mix of social and religious activities that embraced the system. This was because the…show more content…
These factors gave Europe an advantage compared to other parts of the world, which allow capitalism to begin in Europe and spread across the world. However these were not the only aspects that saw the emergence of capitalism, there were also other coalescence events hat also saw the emergence of capitalism such as itinerant merchants, who were merchants that traveled long distances to sell good town to town. Itinerant merchants bought commerce and commercial intercourse to Europe which had sunk to trade less memorial stagnation, also allowed economic interdependence to form. The process of urbanisation helped in the emergence capitalism, which happen due to itinerant merchants who stopped in low castle or church which eventually became permanent trading paces with their code and institution of activity away from the mainframe work of social power. Other events were the crusades, emergences of nation states, age of exploration which associated with gold…show more content…
They did not have an economic function, as slaves were not treated as workers, guild masters were not capitalist and the lord was not the landlord as slaves who were peasants or serfs and were subjects to ties and bonds discussed in the ownership. Whereas in the market economy factors of productions have economic functions and workers are not slaves but are free worker, able to end their dues when their work time is up. The Feudal system ideas of wage labor worked differently; as a lord would give shelter to the peasant in return the peasant would pay him back in crops and not do anything without his permission. The change in idea of wage labor came about due to 2 changes in the feudal system; firstly the commodities were produced in workshops, farms and factories which require labor instead impressive monuments and courts trapping. Secondly commodities had to be sold before they turned in to wealth. Due to the change in idea of wage labor it allowed the worker sells their capacity depending on the wage
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