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Globally what happened to economic systems after 1450?(1 point)
Capitalism was replaced by mercantilism as the world’s most common economic system
Indentured servitude was replaced by capitalism as the world’s most common economic system
Highland Clearances were replaced by mercantilism as the world’s most common economic system
Mercantilism was replaced by capitalism as the world’s most common economic system
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Mercantilism was replaced by capitalism as the world’s most common economic system.
Reason: After 1450 European expansion produced a mercantile, colonial trade system, which later gave way (with the Industrial Revolution and liberal economic ideas) to modern capitalism.
Reason: After 1450 European expansion produced a mercantile, colonial trade system, which later gave way (with the Industrial Revolution and liberal economic ideas) to modern capitalism.
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