After 1450, the global economic system transitioned primarily from feudalism and mercantilism towards capitalism, particularly from the late 18th century onward. This transition was marked by increased trade, the rise of market economies, the growth of a capitalist class, and the development of large-scale industrial production.
The shift to capitalism had profound effects on workers. While forced labor systems, such as slavery and serfdom, were still prevalent in different parts of the world, many workers moved into wage labor as manufacturing industries developed. This industrial labor system often involved long hours, low wages, and poor working conditions, as workers found themselves in factories working alongside increasingly sophisticated machinery.
In summary, the shift to capitalism was significant after 1450, and although it did lead to the reduction of some forced labor systems, it often resulted in new challenges for workers in the form of industrial labor environments.