Documente Academic
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Elka Sanders
Feudalism
Revolution
Capitalism
. One class of people completely control property rights of all valuable resources and assets.
Political organization controlled at the top by the King and the Lords appointed by them. Lords will exploit lands and peasants to obtain affluence imposing hard work and taxation. Merchants and workers had to unite. Unsuccessful kings and lack of funds opened the opportunity for the Magna Carta to evolve.
.
success of a nation depends on its capital supply wealth measured in terms of gold and silver. the goal required favorable balance of trade Mercantilism ideals are to lower imports and increase exports
Developed Factories
.
Scientific Revolution
Industrialization
Urbanization
UPPER CLASS
UPPER MIDDLE CASS LOWER MIDDLE CLASS
Social system that recognize individual rights. Private Property recognize. Separation of State and Business. System of laissez faire. Freedom to create wealth and opportunities
Ownership Protected
technolo gy use.
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Farm Horse pulling a Cart(n.d.). Retrieved November 20, 2011 from http://www.panoramio.com/photo/17884835
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