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by Hilift
397 days ago
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> Weber also argued that the Protestant work ethic influenced the creation of capitalism An alternative explanation is for the first 140 years of the US, "Protestants" were the "people that did the work". Catholicism was illegal until the states re-wrote their constitutions/laws after the revolution (or ratification of the First Amendment, which ever came first). Also, there wasn't anything to do but work. If you wanted a house, you cleared land and built it. 50% of early European settlers were indentured servants. Oh and there wasn't any money or banks. Tobacco was the currency (in Maryland/Virginia). The only business partner was the UK, that managed the colonies as businesses. The entrepreneurial part was the Crown getting shareholders to foot the bill for provisions for the colonies. Shares in Virginia were sold on the London Stock Exchange. Maryland had a sole proprietor that funded the infrastructure build out. |
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