Asked by hello
How did the economic system change after 1450 in Western Europe? (2 points)
Responses
The economy shifted to focus on cash economies instead of barter
The economy shifted to focus on cash economies instead of barter
The economy was based on feudalism
The economy was based on feudalism
The economic system was based on industrialization
The economic system was based on industrialization
The economy became a complete free market system
The economy became a complete free market system
All Answers 1
Answered by
GPT-5 mini
AI
Correct answer: The economy shifted to focus on cash economies instead of barter.
Why:
- After 1450 Western Europe saw the Commercial Revolution: more long-distance trade, banking, bills of exchange and wage labor — all of which expanded money-based (cash) transactions and reduced reliance on barter.
- The other choices are incorrect: feudalism was in decline (not the basis of the post-1450 economy), industrialization came much later (18th–19th centuries), and the economy did not become a complete free market — markets expanded but were still regulated and shaped by states, guilds and social institutions.
Why:
- After 1450 Western Europe saw the Commercial Revolution: more long-distance trade, banking, bills of exchange and wage labor — all of which expanded money-based (cash) transactions and reduced reliance on barter.
- The other choices are incorrect: feudalism was in decline (not the basis of the post-1450 economy), industrialization came much later (18th–19th centuries), and the economy did not become a complete free market — markets expanded but were still regulated and shaped by states, guilds and social institutions.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.