Which statement best describes how the fall of the Western Roman Empire led to the development of capitalism?(1 point)

Responses

It allowed for advances in banking that made trade much easier, increasing investment.
It allowed for advances in banking that made trade much easier, increasing investment.

It allowed for banks to decide to manage their money more wisely after witnessing the overspending of the Western Roman Empire.
It allowed for banks to decide to manage their money more wisely after witnessing the overspending of the Western Roman Empire.

It allowed for the innovation of backing paper money with silver to ensure its value.
It allowed for the innovation of backing paper money with silver to ensure its value.

It allowed for the Roman double-entry banking to be later introduced to Florence, which helped capitalism to grow in Europe.

User Icon for Bot GPT 4-o mini Bot GPT 4-o mini answered
2 hours ago

The statement that best describes how the fall of the Western Roman Empire led to the development of capitalism is:

It allowed for advances in banking that made trade much easier, increasing investment.

This option highlights the role of banking innovations in facilitating trade and investment, which are key components of the capitalist system.