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STAGES OFCAPITALISM DEVELOPMENT
Normally development of capitalism in Europe passed through three major stages and each stage has its key features:
1. Mercantilism 1450-1750.
2. Industrial caipitalism 1750-1850.
3. Monopoly capitalism/ imperialism 1850’s.
THE MAJORCAPITALIST CRISES
Crisis: means a problem which need to be solved.
The capitalist crises: were the major and serious problems faced capitalist systems especially during the highest stage called imperialism. However in the capitalism development faced three major crises which were:
a. The first world war (WWI) 1914-1918.
b. The great economic depression (GED) 1929-1933.
c. The second world war (WWII) 1939-1945.
A. THE FIRST WORLD WAR(WWI)1914-1918
The First World War (WWI): Was the first directly military conflict erupted among the imperialist nations in Europe due to the issues related to development of capitalism. The first world war was the first military conflict to occurs in European history.
The war fought by two military camps (alliances) which were, tripple Entente (Britain, France and Russia supported by the united state of America (USA) against the tripple alliance (Germany, Italy and Austria-Hungary). The war fought from 1914 and ended by 1918 by defeat of Germany and his members. However, the first world war erupted in Balkan region after Austria- Hungary declared war on Bosnia against Serbia after the assassination of Archduke Franz Ferdinand on 28, June, 1914. Germany joined the war to help Austria– Hungary. Russia sent an army to fight against Germany and Austria Hungary in order to defend Bosnia in 3rd August, 1914. Germany declared war on France on 4th August 1914.
Britain entered the war against Germany which had invaded Belgium. Other areas which were under colonial rule joined the war to fight in support of their colonial masters. E.g. Tanganyika which was under Germany fought against Uganda and Kenya which were under the British colonies. In late 1917, USA joined the war to fight against Germany which had sunk her worship near British island. USA fought in favour of British, Russia and France and withdraws before 1918. USA claimed the fought in favour of safe democracy.
Qn: Why the first world war sometimes is referred to as imperialist war?
The first world war sometimes is referred to as imperialist war because:
1. It was fought by imperialist nations: These were Britain, France, Russian, Germany, Italy and Austria-Hungary, supported by the United state of America.
2. It was motivated by the development of capitalism: especially at the highest stage which known as imperialism or monopoly capitalism.
TOPIC 1:Â CRISES IN THE CAPITALIST SYSTEM | HISTORY FORM 4
TOPIC 2:Â NATIONALISM AND DECOLONISATION | HISTORY FORM 4
TOPIC 3:Â CHANGES IN POLITICAL, SOCIAL AND ECONOMIC POLICIES IN AFRICA AFTER INDEPENDENCE | FORM IV
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