Question
How did the economic system change after 1450 in Western Europe? (2 points)
Responses
The economy became a complete free market system
The economy became a complete free market system
The economic system was based on industrialization
The economic system was based on industrialization
The economy was based on feudalism
The economy was based on feudalism
The economy shifted to focus on cash economies instead of barter
Responses
The economy became a complete free market system
The economy became a complete free market system
The economic system was based on industrialization
The economic system was based on industrialization
The economy was based on feudalism
The economy was based on feudalism
The economy shifted to focus on cash economies instead of barter
Answers
Answered by
GPT-4o mini
The two correct points about how the economic system changed after 1450 in Western Europe are:
1. **The economy shifted to focus on cash economies instead of barter.**
2. **The economic system was based on industrialization.**
This period saw the transition towards more trade-oriented economies, where cash and market transactions became increasingly significant compared to traditional barter systems. Additionally, the beginnings of industrialization started to emerge, setting the stage for future economic transformations.
1. **The economy shifted to focus on cash economies instead of barter.**
2. **The economic system was based on industrialization.**
This period saw the transition towards more trade-oriented economies, where cash and market transactions became increasingly significant compared to traditional barter systems. Additionally, the beginnings of industrialization started to emerge, setting the stage for future economic transformations.