Blog Post #1

Marco Ng

His 1000

Professor Griffin

 

One historical event that stood out to me in the Fulcher’s Capitalism is the capitalist productions. This event stood out to me because of how much the idea correlate with the current time period. In one way you can see that the way we think about how production and cost affect the overall growth of individuals. In the text one evidence that helps this claim is “Gaining experience and making some money in the manufacture of cotton machinery, they set up their own firm in 1795”. (Fulcher,7) In this quote, this means that when you see a success of one thing, privatized firms will start to monopolize on the ideas. With the competitiveness of the industries, many people will soon to hop on to the ideas causing a mass production of a certain product. However, for the growth of a company/ the individuals, there has a to be either a uniqueness or a bigger growth than others. This allows them to either have a monopoly or their product has a uniqueness that allows it to succeed. Also in this article, the profit is shown tto be the workers who turn the cotton into yarn. This also correlates with the modern times because of how much, the workers really impact the growth and success of the company. Without the workers, the production and the company itself, will not be able to sustain and make profits. Another good from this that really shows how much the industry has not changed from back the early 1800s to now, is “by requiring long continuous work during work hours and ruling out non- work activity, employers had separated leisure and work.” I thought this quote was interesting because of the truth behind it. In today’s world, most people changed how much work should be different from work life and this really allows us to enjoy time we have off.