Feudalism Vs Capitalism

World economy is the global exchange of goods and services. The first humans were hunter-gatherers. The men hunted and the women organized the farming and gathering in an egalitarian social model of equality for all men and women. About, 11,000 years ago agriculture replaced the traditional hunter-gatherer routines for a more permanent and consistent lifestyle centered on agriculture (Pearson). As a result class or rank based societies were formed. The dominant government and society in European was the Feudal system where land was granted for service. Trading routes were local and the economic system was Mercantilism. After a thousand years the Feudal system was replaced by Capitalism an economic and political system. Over time
New ideologies were introduced with long distance trading. Political geography was redefined along ethnic lines. The National banks, the creation of currency, media and the railroad system fostered the development of states and markets. The rapid growth of capitalism ushered in the industrial revolution. The development of factories, and the mass production of manufactured goods that happened in Britain in the 18th and 19th centuries, brought about the introduction of machinery that used steam power. The industrial revolution was a period in European history in which society moved from agriculture to focus on machines, factories, and industries. Slave labor had produced the major consumer goods during the eighteenth and early nineteenth centuries. With the industrial revolution people in America and the world built large factories and large machines to perform jobs people once did by
Colonialism enabled the expansion of capitalism on a global scale centered on export crops (cash crops). The effects of colonialism were stronger in certain countries, because it was not just an economic and political system, but also a European economic and cultural control of African countries known which as given root to the political scientific term neo-colonialism. The Southern and non-Southern labor markets passed through many economic restructuring between the sixteenth and the 20th century, however, the world economy is still growing as we move into the 21st century. Economist believes that the GDP of the United States is growing and the global labor market is improving. Although globalization is a new term it has its origins in the transatlantic slave trade it has grown into the process of international integration and interaction. It continues to foster new worldviews products, ideas, and human physical welfare in societies on a universal