When did Capitalism start?
I have been doing some reading recently on what I considered pre-capitalist history much of which I tried to put in a class struggle context, basically about the coming of the bourgeoisie. I always felt that Capitalism came into being at the end of the 17th century but others challanged this and since I can no longer rely on my schooling, here are some subsequent notes, mainly important dates between 1773 and 1844. …
Important Dates (in my book)
- 1764 The invention of the spinning Jenny, interestingly increased the skills of textile workers
- 1773 Inclosure Acts 1773 – Wikipedia says, “Between 1604 and 1914, over 5,200 individual enclosure acts were passed, affecting 6.8 million acres (2,800,000 ha; 28,000 km2)”
- 1801 The foundation of the London Stock Exchange or 1698, they claim, if you’re truly nostalgic
- 1844 Joint Stock Companies Act, the introduction of limited liability (I think).