User:Mkcheek/sandbox

This is a link to the article that I will be adding to: History of capitalism

I plan to add or edit in one of the subheads of the article including "Today" or "Role of Women."

Below I have copy and pasted both subheads into this Sandbox to make it easier to me to reference to rather than clicking back and forth from one link to another. The sub heads of the article do not include any altered work by myself.

"Today"

"By the beginning of the 21st century, capitalism had become the pervasive economic system worldwide. The collapse of the Soviet bloc in 1991 significantly reduced the influence of Socialism as an alternative economic system. Socialist movements continue to be influential in some parts of the world, most notably Latin-American Bolivarianism, with some having ties to more traditional anti-capitalist movements, such as Bolivarian Venezuela's ties to communist Cuba.

In many emerging markets, the influence of banking and financial capital have come to increasingly shape national developmental strategies, leading some to argue we are in a new phase of financial capitalism.

State intervention in global capital markets following the financial crisis of 2007–2010 was perceived by some as signaling a crisis for free-market capitalism. Serious turmoil in the banking system and financial markets due in part to the subprime mortgage crisis reached a critical stage during September 2008, characterized by severely contracted liquidity in the global credit markets posed an existential threat to investment banks and other institutions."

"Role of Women"

Women's historians have debated the impact of capitalism on the status of women. Taking a pessimistic side, Alice Clark argued that when capitalism arrived in 17th century England, it made a negative impact on the status of women as they lost much of their economic importance. Clark argues that in 16th century England, women were engaged in many aspects of industry and agriculture. The home was a central unit of production and women played a vital role in running farms, and in some trades and landed estates. Their useful economic roles gave them a sort of equality with their husbands. However, Clark argues, as capitalism expanded in the 17th century, there was more and more division of labor with the husband taking paid labor jobs outside the home, and the wife reduced to unpaid household work. Middle-class and women were confined to an idle domestic existence, supervising servants; lower-class women were forced to take poorly paid jobs. Capitalism, therefore, had a negative effect on women. In a more positive interpretation, Ivy Pinchbeck argues that capitalism created the conditions for women's emancipation.Tilly and Scott have emphasized the continuity and the status of women, finding three stages in European history. In the preindustrial era, production was mostly for home use and women produce much of the needs of the households. The second stage was the "family wage economy" of early industrialization, the entire family depended on the collective wages of its members, including husband, wife and older children. The third or modern stage is the "family consumer economy," in which the family is the site of consumption, and women are employed in large numbers in retail and clerical jobs to support rising standards of consumption.

Though capitalism has formerly been statistically shown to have less positive effects on women including economic inequality, progression through time has allowed for this idea to be proven otherwise. Post Soviet Union regime ended in 1991, the Industrial Revolution continued to rise and lead the world into the global economy that which we operate on today called globalization. If we refer to instances of the past such as a low presence of women and minority groups presence in the work force then we can agree that in the past, these groups have had less of an advantage in the capitalistic functioning of society in the past. However, since the world has progressed through time whilst continuing to expand means of transportation, technology, and connectedness, the globalized economy has opened many opportunities for inclusion of women and other minorities in the work force and influential positions.