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Globally, what happened to economic systems after 1450? (1 point)(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.
Mercantilism 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.
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Mercantilism was replaced by capitalism as the world’s most common economic system.
Explanation: After 1450 European states adopted mercantilist policies during the Age of Exploration and colonial expansion; by the late 18th–19th centuries the Industrial Revolution and free-market ideas led to capitalism becoming dominant globally.
Explanation: After 1450 European states adopted mercantilist policies during the Age of Exploration and colonial expansion; by the late 18th–19th centuries the Industrial Revolution and free-market ideas led to capitalism becoming dominant globally.
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