How Feudalism Led to Capitalism

In medieval Europe, the feudal system was a way to organize the relationships between people. It arose in the ninth century and remained dominant until about 1400. Though it declined after that, traces of it remain today: we still use terms like “lord” and “serf” to describe powerful people who retain social influence over others as well as for servants who work for them.

A system for organizing society around relationships derived from the holding of land in exchange for service or labor

Feudalism is a system for organizing society around relationships derived from the holding of land in exchange for service or labor. An individual’s status is determined by their relationship to others through either kinship or vassalage, as opposed to capitalism where an individual’s social standing is determined by their own ability to accumulate capital.

See also  Why Feudalism Developed

Conclusion

Feudalism led to capitalism because it allowed an emerging middle class with wealth that could invest in new businesses. The breakdown of feudalism also provided laborers who were available to work in these new businesses and make them profitable. As this happened, the concept of private property also changed, which helped to drive economic growth as people could own the means of production, like farms or factories.

More Articles for You

Why Socialism Doesn’t Work

Socialism is a political and economic system in which the government owns or controls the means of production. Like communism, …

Why Socialism Works

Socialism is a political system that lets the state control key industries in an economy with the goal of making …

What Socialism Demands Debs

The question of the time is not what are the advantages and disadvantages of socialism, but whether it is right …

What Socialism and Communism

Hello, let us talk about the differences between capitalism, socialism and communism. Capitalism Capitalism is a system of social and …

What Socialism Is and Is Not

Socialism is a political, social and economic philosophy encompassing a range of economic and social systems characterized by social ownership …

What Socialism Is

Socialism is a political, social and economic philosophy encompassing a range of economic and social systems characterized by social ownership …