CRISES IN THE CAPITALIST SYSTEM
CRISES IN CAPITALIST refers to conflict and contradiction that occurred due to the development of capitalism to the highest stage of imperialism which had increase the demand for the colonies were by division of for the colonies dissatisfied by same European power and led to the outbreak of crises in capitalism. THESE CRISES INCLUDES First world war Great depression The second world war FIRST WORLD WAR This was a typical imperialist war which occurred due to the increase demands of imperialism to seek super profit. The term First World War doesn’t mean there was no any other war before, it was there but they were only regional wars. It was termed First World War because It was the first one to bring untold catastrophe and sorrow in the whole history of mankind. It covered large geographical area as all continents directly or indirectly participated in the war It involved the use of modern technology and weapons like war