According to McCormicks theory, what have societies looked like since the late 15th Century? How have they been organized

1. According to McCormicks theory, what have societies looked like since the late 15th Century? How have they been organized?
2. What are Capitalisms inherent tendencies and under what circumstances does it best thrive?
3. What is overproduction? Why does it happen? And How does it get resolved?
4. Describe the dynamics of the Long Depression of the 1890s.
5. How is this connected to McCormicks theory of capitalisms re-current crises of over production?
6. How would this crisis normally be resolved? Clue: think about what McCormick says are the basic features and tendencies of capitalism. Why did Britain fail to resolve the crisis and push toward a more economically integrated world?
7. Why has Capitalism become a system? And What is that system?
8. How does McCormick characterize the World System and its constants? What are the three constants and what are their functions?
9. In his section on Hegemony what does McCormick say about the nation-state in relation to capitalism?
10. What are the contradictions of the nation state within capitalism? In other words, what contradictory role does the nation-state play under capitalism?
11. According to McCormick, why does hegemony exist? (be specific. Note his discussion on the contradictions of the nation state under capitalism)
12. What is hegemony? Upon what constants or sources of power is it erected?
13. What is the relationship between Hegemony and Balance of Power?
14. What kind of system does hegemony espouse?
15. What kind does Balance of Power espouse?
16. What is the goal and purpose of each?
17. When has Hegemony triumphed and why?

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