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.
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, especially with the advent of the Age of Exploration and the expansion of trade networks, mercantilism began to give way to capitalism, marked by a focus on individual enterprise, private property, and the accumulation of capital.
