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Characteristics of the slave economic system

Characteristics of the slave economic system

Answers

Faith
(1) Increase in production and exchange resulted in inequality in property
ownership.
(2) Money, tools, slaves etc. were concentrated in the hands of the rich.
(3) The rich became slave owners while the peasants and craftsmen became poorer
and poorer. The poor sought loans from the rich and fell into debt.
(4) The lending of money at high interest rates i.e. usury developed. The poor unable
to pay these loans were compelled to sell their children into slavery. They
themselves also became slaves.
(5) Private property in land developed. Land became increasingly concentrated in
the hands of the wealthy.
(6) Slave labour became the backbone of the production and accumulation economy.
(7) Class antagonisms between slave owners and slaves emerged.
(8) The emergence of a stratified community based on private property necessitated
the existence of the state. The state thus strengthened the slave economic system
by facilitating and institutionalizing master-slave relations of production and
appropriation.
Titany answered the question on December 8, 2021 at 06:23

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