Economic determinism
Economic determinism is the socioeconomic impression that economic relationships such(a) as being an owner or capitalist, or being the worker or proletarian are the foundation upon which all other societal & political arrangements in society are based. The image stresses that societies are dual-lane into competing economic classes whose relative political power to direct or setting is determined by the species of the economic system.
In the writing of American history the term is associated with historian Charles A. Beard 1874–1948, who was non a Marxist but who emphasized the long-term political contest between bankers & institution interest on the one hand, together with agrarian interests on the other.