Which of the following does not describe the transition from mercantilism to capitalism in Europe? (1 point)(1 point)

Question

Responses

During the age of exploration, nations began to accumulate a lot of wealth from their new colonies, but they wanted to protect their wealth through mercantilist policies such as limiting trade.
During the age of exploration, nations began to accumulate a lot of wealth from their new colonies, but they wanted to protect their wealth through mercantilist policies such as limiting trade.

Nations had less control over the economy after the Industrial Revolution and a rising middle class led to a change in the economic system.
Nations had less control over the economy after the Industrial Revolution and a rising middle class led to a change in the economic system.

New Enlightenment ideas about the protection of private property led to the rise of free market capitalism.
New Enlightenment ideas about the protection of private property led to the rise of free market capitalism.

New colonies were not profitable for European nations, so a shift to capitalism was necessary.

Answer 1

The statement that does not accurately describe the transition from mercantilism to capitalism in Europe is:

"New colonies were not profitable for European nations, so a shift to capitalism was necessary."

This statement is misleading, as many European nations profited significantly from their colonies during the mercantilist period. The transition to capitalism was influenced by various factors, including the rise of the middle class, Enlightenment ideas, and changes in economic control, rather than a lack of profitability from colonies.