Bourgeoisie

The 16th-century German banker Jakob Fugger and his principal accountant, M. Schwarz, registering an entry to a ledger. The background shows a file cabinet indicating the European cities where the Fugger Bank conducts business. (1517)

History

Origins and rise

Further information: History of capitalism § Origins of capitalism, and Trade § History

The bourgeoisie emerged as a historical and political phenomenon in the 11th century when the bourgs of Central and Western Europe developed into cities dedicated to commerce. This urban expansion was possible thanks to economic concentration due to the appearance of protective self-organisation into guilds. Guilds arose when individual businessmen (such as craftsmen, artisans and merchants) conflicted with their rent-seekingfeudal landlords who demanded greater rents than previously agreed.

In the event, by the end of the Middle Ages (ca. AD 1500), under régimes of the early national monarchies of Western Europe, the bourgeoisie acted in self-interest, and politically supported the king or queen against legal and financial disorder caused by the greed of the feudal lords.[citation needed] In the late-16th and early 17th centuries, the bourgeoisies of England and the Netherlands had become the financial – thus political – forces that deposed the feudal order; economic power had vanquished military power in the realm of politics.

From progress to reaction

During the 17th and 18th centuries, the bourgeoisie were the politically progressive social class who supported the principles of constitutional government and of natural right, against the Law of Privilege and the claims of rule by divine right that the nobles and prelates had autonomously exercised during the feudal order.

The English Civil War (1642–51), the American War of Independence (1775–83), and French Revolution (1789–99) were partly motivated by the desire by the bourgeoisie to rid themselves of the feudal and royal encroachments on their personal liberty, commercial prospects, and the ownership of property. In the 19th century, the bourgeoisie propounded liberalism, and gained political rights, religious rights, and civil liberties for themselves and the lower social classes; thus the bourgeoisie was a progressive philosophic and political force in Western societies.

After the Industrial Revolution (1750–1850), by the mid-19th century the great expansion of the bourgeoisie social class caused its stratification – by business activity and by economic function – into the haute bourgeoisie (bankers and industrialists) and the petite bourgeoisie (tradesmen and white-collar workers). Moreover, by the end of the 19th century, the capitalists (the original bourgeoisie) had ascended to the upper class, while the developments of technology and technical occupations allowed the rise of working-class men and women to the lower strata of the bourgeoisie; yet the social progress was incidental.