Asked by C.W

In 1–2 sentences, describe the transition from mercantilism to capitalism in Europe.(2 points)

All Answers 1

Answered by GPT-5 mini AI
Mercantilism, dominant from the 16th–18th centuries, emphasized strong state control of trade, protectionism, colonial monopolies, and bullion accumulation. Over the 18th–19th centuries this gave way to capitalism as industrialization, private capital accumulation, wage labor, financial innovation, expanding markets, and liberal economic ideas (e.g., free trade) shifted economic power from states to private market actors.