Responses
Mercantilism was replaced by capitalism as the world’s most common economic system.
Mercantilism was replaced by capitalism as the world’s most common economic system.
Highland Clearances were replaced by mercantilism as the world’s most common economic system.
Highland Clearances were replaced by mercantilism as the world’s most common economic system.
Capitalism was replaced by mercantilism as the world’s most common economic system.
Capitalism was replaced by mercantilism as the world’s most common economic system.
Indentured servitude was replaced by capitalism as the world’s most common economic system.
1 answer
The correct response is:
Mercantilism was replaced by capitalism as the world’s most common economic system.
After 1450, particularly with the rise of trade networks, the Age of Exploration, and the development of European economies, mercantilism began to decline as capitalism emerged and grew in prominence, leading to significant changes in economic systems globally.
