1 янв 1600 г. - ??????????? Early Capitalism begins
Описание:
Capitalism: an economic system in which private parties make their goods and services available on the free market where they make their own economic decisions (what to produce), and own the land, and materials needed for production
- Population growth + rapid urbanization = remarkable economic development = emergence of capitalism
- Governments who saw Capitalism as in their collective interest actively supported capitalism
- Global expansion was necessary for capitalism because it allowed Europeans to gain access to, and distribute goods through their transportation networks
- Businessmen learned to take advantage of market conditions in distant places via efficient networks of transportation and communication
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World History timeline
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