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RP 34

Karl Marx categorizes capitalism into the elite and workers, with Spain experiencing a transition between feudalism and capitalism, leading to mercantilism. Feudalism emphasized commerce and export for economic power, while Spain's accumulation of gold from colonies created a forced trading system when colonies couldn't purchase valuable resources. This situation compelled individuals, like railroad barons, to emigrate for profit sharing.

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44 views1 page

RP 34

Karl Marx categorizes capitalism into the elite and workers, with Spain experiencing a transition between feudalism and capitalism, leading to mercantilism. Feudalism emphasized commerce and export for economic power, while Spain's accumulation of gold from colonies created a forced trading system when colonies couldn't purchase valuable resources. This situation compelled individuals, like railroad barons, to emigrate for profit sharing.

Uploaded by

Acua Rio
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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According to Karl Marx, capitalism is comprised of two categories: the elite, an exclusive sector,

and the marxists, or workers, whose labour transforms raw resources into valuable commercial
products. However, Spain is caught between feudalism and capitalism, resulting in the
development of mercantilism. Feudalism was based on the idea that expanding commerce and
therefore exporting was the greatest method to improve a country's economy and power.
Spain accumulates gold from the colonies; however, when the colony is unable to buy power,
silver, or valuable gems, a trading system is forced on the nation, resulting in a fair competition
from national economics. Simply said, they desired to dominate that, as railroad barons, they
had no choice but to emigrate in return for a share of the profits.

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