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The Accumulation of Capital
img img The Accumulation of Capital img Chapter 30 INTERNATIONAL LOANS

Chapter 30 INTERNATIONAL LOANS

The imperialist phase of capitalist accumulation which implies universal competition comprises the industrialisation and capitalist emancipation of the hinterland where capital formerly realised its surplus value. Characteristic of this phase are: lending abroad, railroad constructions, revolutions, and wars. The last decade, from 1900 to 1910, sho

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