The Age Of Capital (1848-1875)

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The first and best, major treatment of the crucial years 1848-1875, a penetrating analysis of the rise of capitalism throught the world. In the 1860s a new word entered the economic and political vocabulary of the world: capitalism . The global triumph of capitalism is the major theme of history in the decades after 1848. It was the triumph of a society which believed that economic growth rests on competitive private enterprise, on success in buying everything in the cheapest market (including labour) and selling it in the dearest. An economy so based, and therefore nestling naturally on the sound foundations of a bourgoisie composed of those whom energy, merit and intelligence had raised to their position and kept there, would - it was believed - not only create a world of suitably distributed material plenty but of ever-growing enlightenment, reason and human opportunity, an advance of the sciences and the arts, in brief a world of continuous and accelerating material and moral progress.

About the Author

Eric John Ernest Hobsbawm CH FRSL FBA (/'h?bz.b??m/; 9 June 1917 – 1 October 2012) was a British Marxist historian of the rise of industrial capitalism, socialism, and nationalism. His best-known works include his trilogy about what he called the "long 19th century" (The Age of Revolution: Europe 1789–1848, The Age of Capital: 1848–1875 and The Age of Empire: 1875–1914), The Age of Extremes on the short 20th century, and an edited volume that introduced the influential idea of "invented traditions". Hobsbawm was born in Egypt but spent his childhood mostly in Vienna and Berlin. Following the death of his parents and the rise to power of Adolf Hitler, Hobsbawm moved to London with his adoptive family, then obtained his PhD in history at the University of Cambridge before serving in the Second World War. In 1998 he was appointed to the Order of the Companions of Honour. He was President of Birkbeck, University of London from 2002 until his death. In 2003 he received the Balzan Prize for European History since 1900 "for his brilliant analysis of the troubled history of twentieth-century Europe and for his ability to combine in-depth historical research with great literary talent."

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