Company Profiles Axa Equitable Life Insurance Company

Author : Lionel D. Lyles
Publisher : iUniverse
ISBN 13 : 1663260222
Total Pages : 491 pages
Book Rating : 4.6/5 (632 download)

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Download or read book Highest Stage Of The Development Of Capitalism In The United States And Its Effects On The American Family, Volume III, Book II, 1960 To 1980 written by Lionel D. Lyles and published by iUniverse. This book was released on 2024-04-08 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: For 10,000 years before any European immigrants arrived on the North American Continent, Native American Indians engaged in a communal lifestyle. From 1600 to 1791, American Colonists established a thriving home production economy, and having ownership of their tools, or means of production, they produced everything they needed to survive. They were self-reliant, and the American Colonists sold their excess goods to merchants, who resold them for a profit. By 1791, the merchants were able to start the first textile factories as a result, which brought an abrupt end to the home production economy, and the beginning of American Capitalism. Former independent colonists were now forced into the textile factory, and the first wage contract appeared in America. The wage contract also set in motion a contradiction between the capitalist owners of the means of production and the new American Working Class. The wage contract allowed the owners of working class labor, and the instruments of production, to evolve into an American Ruling Class, and the producers of all commodities and wealth became the American Working Class People wage-workers class. Because of their divergent interests, the two classes formed a class contradiction, and the latter became known as the capitalist American Ruling Class Opposite and the American Working Class Opposite (People) wage-workers. This development occurred mainly in the northern factory economy, while in the South, uncompensated African Slave Labor was dominant, which was owned by an American Slaveholding Class. By 1860, the contradiction between the capitalist American Ruling Class Opposite owner of the wage labor system came into a head-on contradiction with uncompensated African Slave Labor, and a bloody Civil War was fought to determine which type of means of production would prevail and dominate during the 20th Century? The South was defeated, and the wage contract system became nationalized. Therefore, throughout the twentieth Century, including the beginning of the new Millennium, the capitalist American Ruling Class Opposite expropriated the labor’s product of the American Working Class Opposite (People) wage-workers, which resulted in this class accumulation of multiple-billions of dollars of Surplus-Value, and simultaneously this loss translated into the American Working Class Opposite (People) wage-workers’ increasing alienation, estrangement, loss self-identity, self-expression, and freedom.