Solomon2day

By the 18th century, iron and coal became examples of industries that were capitalist in peculiar ways. From inception both industries were capitalist inclined,since they required heavy expenditure for the actual process of production. The labor force comprised of wage earners working for a master and were not owners of the forge, iron ore or coalmine. Similarly, as early as the 17th century, a sizable number of comparatively small industries emerged namely,soap,brewing, glass and salt-making industries. However, during this period the interest in agriculture was still very strong,with the handicraft men more prominent than the industrial or commercial capitalist. In the second half of the 18th century, the growth of the population prompting the increase in the demand for goods, improved transportation system, unprecedented mechanical inventions, new materials and improved chemical processes resulted in the industrial revolution. Industries such as coal and hardware made use of incre...

Woolen manufacture was England's most prominent industry in 1750,while crude oil has been Nigeria's major income earner for several years.  Stakeholders in the wool industry were based in the West Riding of Yorkshire,here cloths of medium quality were made, In East Anglia, here coarser fustian were produced and in South west of England,where fine and good quality cloth was made. Woolen cloth was a major export product and as a result the industry was closely regulated. Production was still in the hands of small masters in the West Riding and East Anglia. The export price of cloth was fixed as far back as the 10th century,and extraordinary steps were taken to disallow the export of the raw wool. As the market for woolen cloth expanded,the ownership of capital and the control of credit gained prominence. The cottage workers were financially incapable of purchasing large quantity of raw materials neither could they afford to sell the finished product on creditor source for mark...

In 1801,1836 and 1854, the General Enclosure Acts were passed. The General Enclosure Act of 1845 superseded the Parliamentary committee which exmained Enclosure Bills by Enclosure Commissioners,who instead of sitting at Westminister, moved tothe scene. The Enclosure Commissioner presented their findings to Parliament inthe form of GeneralBill forpassage into law. The Suqire expanded his holdings and expanded tothe land of ejected tenants, in addition to common land and waste,while the larger freeholders held on to their claims and increased their holdings. But this,washowever, not the case for smaller freeholders. An Enclosure Bill was not enough to drive a freeholder off the landbecause he had legal claims to his holding. Aspects of the Enclosure which negatively affected the freeholder include : He had to pay his share of the expenses of enclosure,which was an expensive process,varying from about 200 Pounds to nearly 500 Pounds.If unable to pay,then he had to sell off the plot ...

The value of land in England had political, social and economic undertones. Land was mandatory prerequisite for election into Parliament,while in the counties,was a requirement for the right to vote. During this period,the landed class had political power and interestingly, Parliament was controlled by landowners. Furthermore,in the local sphere, the Justice of Peace-the squire-was the most important personality.He was the largest landowner in the village. As Magistrate and leader of the local society,he combined political and social power. In addition,the owner of the land made profits by selling its produce or leasing the land for high rents to tenant farmers. The foregoing resulted in the the emergence of wealthy traders,who bought land as investments which was converted as a means to political power and social ostentation. The House of Commons, influenced by a few big landowners, sponsored bills which became laws. These laws were against the wishes of a large number of small fa...

William the Conqueror and Henry 1 of England were leaders whose authorities were to a large extent personal and not in any way attributable to the dynamic structure of the Government. Both of them had the extraordinary force of character with despotic tendencies. Interestingly, when Stephen, a man of feeble traits, succeeded Henry, civil war broke out. This was as a result of a succession dispute, which snowballed into a confusion of an unimaginable dimension culminating in the termination of the royal court. After the demise of Henry 1, the Government drifted into anarchy. However, the Royal court was restored and extended by Henry 11. Henry 11 was the son of Geoffery Plantagenet, Count of Anjou, and Eleanor of Aquitaine. His personality impressed those of his time, while his friends and enemies were of the consensus that he was a man of ways, means, and passions beyond the imagination of average men. Henry 11 had an eye for details of law and administration and indeed relished legal ...