16th Century America Capitalism Research Paper

Capitalism is an economic system in which the industries and trades are controlled by individuals rather than government. In the 16th century as Europe was becoming an economic center and was booming. The main reason for this economic boom was Europe’s colonies. When these European countries would establish a colony, they would impose a trading monopoly by banning foreign merchants and ships and selling their own products. First signs of capitalism started to emerge from Europe. Britain was the first country where capitalism developed faster and was far more ‘productive’ than anywhere else. Because of having more raw materials from colonies, like America and India It produced more goods and cheaply. Industrial revolution throughout Europe exploded capitalism in

Europe and America. The shift from agricultural economy and societies to capitalism was not instant; the transformation that took place took many years and included a number of things which made possible the consumer oriented system to thrive.
As the U.S.

economy was booming capitalism was the main reason for that economic boom. This capitalism affected U.S. culture in a lot of different ways. The first affect of capitalism on the U.S. culture was the wave of immigrants they came from all over the world in search of work and to have a better future. These immigrants filled the jobs that other people didn’t do and they also did on fewer wage. These immigrants brought their own cultures with them and they lived in a community together, for example Chinatown and Korea town. As corporations became bigger and expanded because of capitalism it affected American culture. Families divided, our culture transformed to individualistic culture. Today America is more known because of the big corporations for example Google, Apple, Microsoft, Wal-Mart etc. Due to this control of these big corporations on our media and us, our culture is more focused on competitiveness and consumption. According to Sorrelles “interpersonal relationships are mediated, and experienced in terms of costs and benefits. Often human relationships are mediated and expressed through commodities, where relations with people are secondary to relationship with things”(Sorrells

182).
With rise of globalization and expansion of big corporations form one country to another, as these companies go to a different county they tend to impact the culture of that society. Capitalism will have an impact on the cultures of those developing economies. Because as these corporations become bigger they control our lifestyles and change our cultures. In the culture of capitalism people are influenced by advertisements. They buy things they do not need to or can afford. Capital culture and globalization alter traditional responsibilities of women and men in the house. These changes can also affect social affairs that also play a necessary cultural and economic role in the lives of a community or a county. Capitalism is also changing they way people live now and they way they think. For example, in China government controls almost everything but because of globalization this is changing slowly and people are having more freedom than before. They live their lives they want they want.
Because of globalization business are becoming more and more diverse and international which has increased the importance to have a better skills of intercultural communication. Strong intercultural communication skills help businesses to avoid intercultural conflict at workplace and create more respectful workplace environment. Our society is so diverse therefore for us to be successful in this diverse society it is very important to study intercultural communication. It gives us the ability of self-awareness and says to examine and study cultures that are different from us in order to avoid misunderstandings.