Capitalism In The 17th Century World of Trade Makassar

Abstract

The strategic geographical position, the shifting of the trade centers of the archipelago, as well as the role of Gowa kings as agent of change that had reigned during the 17th century is a determining factor in the emergence of Makassar's emporium in the network of the 17th century archipelago. The capitalist system in the world of Makassar is made possible by long shipping lanes for a long time, requiring large capital and credit systems in every transaction. Likewise, in every commercial there are various economic facilities such as trader loji, traders' trades from various tribes, loading and unloading facilities, and security guarantees for traders. This study is a study of economic sociology that aims to reveal the factors that gave rise to Makassar as a center of trade and emporium in Southeast Asia in the 17th century. The theory used is the theory of economic sociology centered on the teri world system.