concept defining the trade relationship between a colony and its home country was the mercantile system. The mercantile system was communal to all the colonial powers of Europe. The mercantile system did not encourage the colonies to become economically self sufficient. The theory of the mercantile system is to keep the home country strong and the colonies dependent upon their home country. Under the mercantile system‚ the colony provides raw materials for the home country and the home country provides
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They wanted to do things for themselves. Great Britain told them what to do. The American people didn’t want people away from them telling them how to live their lives. A cause for this revaluation is trade. The mercantile system was based on the benefits of trading in which the flow of raw materials from the colonies that profited Great Britain who turned them into finished goods which had a higher value than raw materials. Americans had to trade goods that they had
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struggling to gain more and more economic power. This economic power is related to their social‚ political as well as technological development. However‚ the means to develop economically with a faster speed is the capitalist ideology. Capitalism is commonly understood to mean an economic system in which the means of production are predominantly privately owned and operated for profit‚ often through the employment of labour. Money mediates the distribution and exchange of goods‚ services‚ and labour in
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EUROPEAN JUSTICE SYSTEM The justice system consists of three categories: the law enforcement officers‚ the criminal justice system‚ and the court system. The duties of the officers are to combat and prevent crime. They must apprehend anyone who has broken the law that was written by the legislators. Secondly‚ the criminal justice system is a system that develops a way to maintain social control and justifying crimes. They also sanction those who have broken the law with necessary criminal
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The European Welfare System Introduction In a previous lecture I explained the concept of ‘welfare system’ whereby different countries across the world organize and distribute welfare goods and services through an interlocking of five areas of provision: state and public sector agencies; market and businesses; family and kinship support; local community bodies; and civil society both in national and international forms. In short‚ a ‘welfare system’ is born of‚ and embedded in‚ particular interactions
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Assess the view that the education system serves to maintain the capitalist system. The Marxists believe that capitalism involves two classes the bourgeoisie (ruling class) and the proletariat (working class). They say that the ruling class exploit the working class for profit. Marxists say that education maintains the capitalist system by giving children the skills they need for work‚ justifying inequality and by passing on ruling class ideology which supports capitalism. Althusser sees education
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Venture Capitalist a) A Venture Capitalist is a professional investor. Venture Capitalist’s provide funding for new and growing businesses and can even provide senior level management to move the company or businesses even further. Most of the time a venture capitalist works for a firm and manages a fund and is looking for suitable investments for that fund. b) To become a venture capitalist you would have to have much knowledge and experience within the business field‚ so you would most
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The Capitalist of America during 1875-1900 controlled large businesses like steel making‚ oil production and the railroads making them some of the most powerful men in the world; the wealth was obtained by using child labor‚ trying to destroy the middle class and destroying all competition. John D. Rockefeller took advantage of children in his coal mines to by making them workers called breaker boys. Most breakers were 8-12 year old boys or old men who couldn’t do anything else. Breaker boys removed
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demonstrated their business potential but do not yet have access to the public securities market or to credit oriented institutional funding sources. According to the European Venture Capital Association‚ the venture capital has been described as a risk finance for entrepreneurial growth oriented companies. The venture capitalist essentially provides finance to businesses promoted by individuals who have sound project ideas and zeal but do not possess adequate financial resources to implement them
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According to Ekelund‚ the primary difference between Mercantile England and Mercantile France was that France had absolute property rights in taxation held by the crown until the end of the French Revolution (1799). This form of rent-seeking was successful for France‚ allowing a larger accumulation of wealth. Mercantile writer Gregory King estimated the “general income” of France in 1688 at £80‚500‚000 and of England at £41‚700‚000. While both the monarchs were eager to impose rent-seeking policy
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