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Merchant capitalism
- The economic system of this era was merchant capitalism. The core of this system was in merchant houses, backed by financiers acting as intermediaries between simple commodity producers. This system continued until it was supplanted by industrial capitalism in the 18th century.
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The process by which these institutional and attitudinal changes are brought about constitutes a grand theme—perhaps the grand theme—of economic history from roughly the 5th to the 18th and even into the 19th century in Europe.
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The Economy of the Netherlands up to the Sixteenth Century. In many respects the seventeenth-century Dutch Republic inherited the economic successes of the Burgundian and Habsburg Netherlands. For centuries, Flanders and to a lesser extent Brabant had been at the forefront of the medieval European economy.
The economy of territory that became the United States evolved dramatically from ca. 1000 ce to 1776. Before Europeans arrived, the spread of maize agriculture shifted economic practices in Indigenous communities.
Dec 31, 2001 · This study is of the North American colonial economy from the middle of the seventeenth century to the American Revolution, with emphasis on the later years. The first part of the book is a theoretical framework for examining the general aspects of long-term economic development in the colonies while the second part looks at shipping and ...
Economic growth spread to all regions of the world during the twentieth century, when world GDP per capita quintupled. The highest growth occurred in the 1960s during post-war reconstruction. In particular, shipping containers revolutionized trade in the second half of the century, by making it cheaper to transport goods, especially ...
