How did the economic system change after 1450 in Western Europe? (2 points)
Responses
The economy became a complete free market system.
The economy became a complete free market system.
The economic system was based on industrialization.
The economic system was based on industrialization.
The economy was based on feudalism.
The economy was based on feudalism.
The economy shifted to focus on cash economies instead of barter.
1 answer
The correct response is:
The economy shifted to focus on cash economies instead of barter.
After 1450, Western Europe saw significant changes in its economic system, including the rise of cash economies and trade networks, particularly with the emergence of mercantilism and the decline of feudalism. While industrialization began later in the 18th century, the shift away from barter toward a cash-based economy was a key development during this period.
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