Globally, what happened to economic systems after 1450? How did this change affect workers?

Answer 1

After 1450, economic systems around the world began to undergo significant changes. One of the most important developments during this time period was the rise of capitalism, as trade and commerce expanded and new economic centers emerged.

This change had a significant impact on workers. With the growth of capitalism, labor became commodified and workers were increasingly seen as a means to generate profit. This led to the rise of wage labor and the development of industrial capitalism, which saw workers employed in factories and other industries.

Workers during this time faced poor working conditions, long hours, and low wages. They often lacked job security and social protections, and were subject to exploitation by employers. The shift to capitalist economies also saw the emergence of new forms of labor exploitation, such as slavery and indentured servitude.

Overall, the changes in economic systems after 1450 led to greater economic inequality and exploitation of workers. This period marked the beginning of a new era in which capitalism became the dominant economic system, shaping the lives of workers around the world.