Asceticism and the Spirit of Capitalism
Calvinism for seven years, the greater simplicity of life in the more seriously religious circles, in combination with great wealth, led to an excessive propensity to accumulation.[87]
That, furthermore, the tendency which has existed everywhere and at all times, being quite strong in Germany to-day, for middle-class fortunes to be absorbed into the nobility, was necessarily checked by the Puritan antipathy to the feudal way of life, is evident. English Mercantilist writers of the seventeenth century attributed the superiority of Dutch capital to English to the circumstance that newly acquired wealth there did not regularly seek investment in land. Also, since it is not simply a question of the purchase of land, it did not there seek to transfer itself to feudal habits of life, and thereby to remove itself from the possibility of capitalistic investment.[88] The high esteem for agriculture as a peculiarly important branch of activity, also especially consistent with piety, which the Puritans shared, applied (for instance in Baxter) not to the landlord, but to the yeoman and farmer, in the eighteenth century not to the squire, but the rational cultivator.[89] Through the whole of English society in the time since the seventeenth century goes the conflict between the squirearchy, the representatives of "merrie old England", and the Puritan circles of widely varying social influence.[90] Both elements, that of an unspoiled naïve joy of life, and of a strictly regulated, reserved self-control, and conventional ethical conduct are even to-day combined to form the English national character.[91] Similarly, the early history of the North American Colonies is dominated by the sharp contrast of the
