This paper is analysis of part one of Karl Marx and Friedrich Engels' Manifesto of
             the Communist Party. [1] In particular the text will be situated historically, as well as within a
             scheme of development of Marxist thought. The main problem and arguments of the text
             will be explored with emphasis on Marx's outline of the historical development of
             capitalism, as well as the development of the capitalist and working classes.
             The Manifesto of the Communist Party was written in 1847 by Karl Marx and
             Friedrich Engels for the Communist League of London. It is this Manifesto that Marx first
             applies his concept of historical materialism, which he constructed in 1846 in The German
             Ideology. This alternative theory of history synthesized materialism and idealism to
             ultimately describe society as a social totality; with the mode of production being a historical
             phenomenon giving rise to civil society. Following the Manifesto, Marx and Engels
             continue to apply historical materialism to society, as seen in Capital. Capital was written in
             1867 by Marx and Engels, and it focused on analyzing the capitalist mode of production. In
             particular this work uses dialectical thinking to explain Marx's theory of exploitation; a
             theory which explains the origins of profits as the exchange of the fixed variable of labour
             for the potential variable of the product of labour.
             Part one of the Manifesto of the Communist Party focuses on explaining the
             emergence of capitalism, and the resulting social classes that emerge out of this new mode of
             production. Foremost Marx notes that capitalism comes forth out of the context of feudal
             society. "The feudal system of industry, under which industrial production was
             monopolized by closed guilds, now no longer sufficed for the growing wants of the new
             markets. The manufacturing system took its place." ...