The Age of Capital
"The Age of Capital" refers to a period in the mid-19th century, roughly from 1848 to 1873, characterized by rapid economic growth and the expansion of industrial capitalism. This era saw significant advancements in technology, transportation, and communication, which facilitated trade and investment. Key developments included the rise of the railroad, the telegraph, and the growth of factories, all contributing to increased productivity and urbanization.
During this time, major financial institutions and markets emerged, leading to the establishment of a global economy. The influence of capitalists and entrepreneurs grew, as they played crucial roles in shaping economic policies and practices. This period laid the groundwork for modern economic systems and the complexities of global trade.