The Age Of CapitalBy: Eric Hobsbawm The first and best, major treatment of the crucial years 1848 1875, a penetrating analysis of the rise of capitalism throught the world. In the 1860s a new word entered the economic and political vocabulary of the world: 'capitalism'. The global triumph of capitalism is the major theme of history in the decades after 1848. It was the triumph of a society which believed that economic growth rests on competitive private enterprise, on