EAN: 9780349104805

THE AGE OF CAPITAL 1848-1875 - ERIC HOBSBAWM KA...

The first and best  major treatment of the crucial years 1848-1875  a penetrating analysis of
the rise of capitalism throught the world.In the 1860s a new word entered the economic and
political vocabulary of the world: 'capitalism'. The global triumph of capitalism is the major
theme of history in the decades after 1848. It was the triumph of a society which believed that
economic growth rests on competitive private enterprise  on success in buying everything in the
cheapest market (including labour) and selling it in the dearest. An economy so based  and
therefore nestling naturally on the sound foundations of a bourgoisie composed of those whom
energy  merit and intelligence had raised to their position and kept there  would - it was
believed - not only create a world of suitably distributed material plenty but of ever-growing
enlightenment  reason and human opportunity  an advance of the sciences and the arts  in brief
a world of continuous and accelerating material and moral progress.

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