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A major treatment of the crucial years 1848-1875 - a penetrating analysis of the rise of capitalism through 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 success in buying everything in the cheapest market (including labour) and selling it in the dearest. An economy so based, and therefore nestling naturally on the sound foundations of a bourgeoisie composed of those whom energy, merit and intelligence had raised to their position and kept there, would - it was believed - not only create a world of suitably distributed material plenty but of ever-growing enlightenment, reason and human opportunity, an advance of the sciences and the arts, in brief a world of continuous and accelerating material and moral progress.

“What a book! For heaven's sake, and your own, read it!” – Guardian

“Brilliant and wide ranging” – Observer

Eric Hobsbawm

Eric John Ernest Hobsbawm (usually known as "Eric Hobsbawm" or "E. J. Hobsbawm"), the son of a Jewish tradesman, was born in Alexandria, Egypt, on 9th June, 1917. After the First World War ended his parents moved to Austria. By the time he was thirteen, both his parents had died. He went to live with his aunt in Berlin.

When Adolf Hitler gained power in 1933, what was left of Hobsbawn's family moved to London. He later recalled: "In Germany there wasn't any alternative left. Liberalism was failing. If I'd been German and not a Jew, I could see I might have become a Nazi, a German nationalist. I could see how they'd become passionate about saving the nation. It was a time when you didn't believe there was a future unless the world was fundamentally transformed."

Hobsbawn did well in his English school and he won a scholarship to study history at King's College, Cambridge. While a student joined the Communist Party of Great Britain. He also edited the student weekly, Granta.

On the outbreak of the Second World War Hobsbawn joined the British Army. Despite speaking German, French, Spanish and Italian fluently he was turned down for intelligence work. He served with the Royal Engineers and later with the Educational Corps.

After the war Hobsbawm returned to Cambridge University where he completed a PhD on the Fabian Society. In 1947 he became a lecturer at Birkbeck College. Hobsbawn joined E. P. Thompson, Christopher Hill, Rodney Hilton, A. L. Morton, Raphael Samuel, George Rudé, John Saville, Dorothy Thompson, Edmund Dell, Victor Kiernan and Maurice Dobb in forming the Communist Party Historians' Group. In 1952 members of the group founded the journal, Past and Present. Over the next few years the journal pioneered the study of working-class history.

John Saville later wrote: "The Historian's Group had a considerable long-term influence upon most of its members. It was an interesting moment in time, this coming together of such a lively assembly of young intellectuals, and their influence upon the analysis of certain periods and subjects of British history was to be far-reaching."

Hobsbawm's first book, Primitive Rebels, was published in 1959. This was followed by The Age of Revolution (1962), Labouting Men (1964), Industry and Empire (1968), Bandits (1969). In 1969 Hobsbawn co-wrote Captain Swing with George Rudé.

Hobsbawm, unlike most of his friends, remained a member of the Communist Party of Great Britain. However, he did protest against the Soviet invasion of Hungary in 1956 and Czechoslovakia in 1968. In 1970 he became professor of history at Birkbeck College, a post he held for twelve years.

Other books by Hobsbawn include Revolutionaries (1973), The Age of Capital (1975), History of Marxism (1978), Workers (1984), The Age of Empire(1987), Nations and Nationalism (1990), The Age of Extremes (1994), On History (1997), Uncommon People (1998), The New Century (1999), Interesting Times (2002) and Globalisation, Democracy and Terrorism (2008).

In 2003 he was awarded the Balzan Prize for European History since 1900 "For his brilliant analysis of the troubled history of twentieth-century Europe and for his ability to combine in-depth historical research with great literary talent."