In the development of the modern world, the institution known as capitalism has virtually exploded and has reached, in some aspect, almost every nook and cranny of the globe. Although capitalism is a very powerful force in this modern world, its origins are not well known or documented, and therefore a debate amongst historians to understand how this unique economic system came to be has emerged. Ellen Meiksins Wood is of the opinion that capitalism …
showed first 75 words of 1377 total

showed last 75 words of 1377 total
…for the formation of capitalism itself, such as the dispossessed workers and the urbanization of smaller cities, are very commonplace, thus increasing the chances that they did occur. However, as a final thought I would add that I believe that England's relative isolation to other countries was most likely another factor in this social change, because it allowed for a relatively peaceful society that was not consistently torn apart or destroyed by conflict and war.