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5 The capitalism of the pastoral nomads
4 Cooperation in the settled village
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accounting administration agents America century chants chief Claflin commercial banks competition concern Corporation Deal depression developed downtrend early economic England factory farmers fascism financial capitalism financial capitalists firm flow of capital functions gilds important income industrial capitalism industrial capitalists Industrial Revolution interest investment bankers investors Italy J. P. Morgan Jacob Fugger joint stock companies labor land later leaders Lehman Brothers loans London manorial manufacture mediaeval ment mercantile capitalism mercantile capitalists merchant bankers national capitalism ness nomadic operating organization partner partnerships pedlars period petty capitalism petty capitalists phase political private business capitalism production profits prosperity public utilities putting-out putting-out system railroads regime retail secular trend securities sedentary merchant sell settled village ship sixteenth small masters social engineering stockholders tion town trade traveling merchant units wares wholesale workers
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