Capitalism in Britain

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Capitalism is when a country's trade and industry is privately owned. Britain was the first country dominated by full capitalism. Free market capitalism with no restraints even meant that Britain was the first country the Industrial Revolution was recognized in. By the first half of the 19th century, people sold everything to survive. They were herded into factories and subjected to ruthless exploitation. To overcome their difficulties in accumulating capital and stop the working class revolution, the higher class expanded their empire overseas. Britain made an empire that covered a quarter of the world. By the dawn of the twentieth century, the world was divided. Millions were killed in two world wars in the interest of capital.   

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