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The role of capitalism in shaping the modern world system
The role of capitalism in shaping the modern world system
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
The role of capitalism in shaping the modern world system
Capitalism is an economic system that has had a significant impact on the modern world system. It is characterized by private ownership of the means of production, competition, and the pursuit of profit. In this blog, we will explore the role of capitalism in shaping the modern world system and its impact on the global economy.
Capitalism emerged in Europe during the 16th and 17th centuries and was characterized by the growth of trade, the rise of banking, and the development of the stock market. These developments helped to create a more efficient and flexible economic system that allowed for the growth of wealth and prosperity.
One of the key ways in which capitalism has shaped the modern world system is through the growth of industrialization. The Industrial Revolution, which began in Britain in the late 18th century, marked a significant shift in the global economy. It led to the mass production of goods and the growth of the factory system, which helped to increase productivity and reduce costs.
The growth of industrialization led to the emergence of new industries, such as textiles, steel, and chemicals. These industries helped to create new jobs and opportunities for people around the world, and they helped to fuel the growth of the global economy.
Capitalism has also played a key role in the growth of globalization. The pursuit of profit has led companies to seek out new markets and new opportunities around the world. This has led to the growth of trade and investment between different nations and the development of a more interconnected global economy.
The growth of globalization has had both positive and negative impacts on the global economy. On the positive side, it has led to the growth of new industries and the creation of new jobs and opportunities around the world. It has also helped to increase the standard of living for people in many developing nations.
On the negative side, the growth of globalization has also led to the exploitation of workers in developing nations. Many companies have taken advantage of cheap labor and low regulations in these nations to increase their profits. This has led to the growth of sweatshops and other forms of exploitation that have had a negative impact on workers around the world.
Another key way in which capitalism has shaped the modern world system is through the growth of finance capitalism. This is a form of capitalism that is characterized by the growth of the financial sector and the development of new financial instruments, such as derivatives and hedge funds.
Finance capitalism has had a significant impact on the global economy. It has led to the growth of new financial markets and the development of new forms of investment. It has also led to the growth of inequality, as the benefits of finance capitalism have been concentrated in the hands of a small number of wealthy individuals and institutions.
The role of capitalism in shaping the modern world system is complex and multifaceted. On the one hand, it has led to the growth of new industries and the creation of new jobs and opportunities around the world. On the other hand, it has also led to the exploitation of workers and the growth of inequality.
In conclusion, capitalism has played a significant role in shaping the modern world system. It has led to the growth of industrialization, globalization, and finance capitalism, which have had a significant impact on the global economy. While capitalism has brought many benefits, it has also had its negative consequences. As we move forward, it is important to continue to explore the role of capitalism in the modern world system and work to mitigate its negative impacts.
The role of capitalism in shaping the modern world system
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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