Calvinists were a Protestant group who emerged in the 17th century and believed in predestination.
According to Calvinists, your destiny or fate was fixed in advance - you were either damned or saved. However, it was believed that any form of social activity was of religious significance; material success arose from hard work and an ascetic life would demonstrate God's favour - your place in heaven.
Weber argued that these ideas helped initate Western economic development through the industrial revolution and capitalism. Many of the early entrepreneurs were Calvinists.
Their obsessive work ethic and self-discipline meant that they reinvested, rather than spent, their profits. These attitudes were ideal for the development of industrial capitalism.
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