Mercantilism and Capitalism

By classic009
  • 1400

    The discovery of America

    Discovering America help the western economy in a big way. During mercantilism finding this territory help europeans for having more power and also new alternatives of transporting new products. This impulse the scientific revolution, make people to search explanations for the things and started to based on the theory and reason to solve any problem in any aspect, this was called the enlightenment.
  • 1500

    Mercantilism

    It was an economic system of trade and bussines, which looked for huge golden and silver reserves for the country wealth. This occurs by higher exportation for obtaining more, and importation for having a balance economy system.

  • The new material in America

    The mercantilism work good in Europe during this time, but then new wealth was found in America and this generate a big increase on overseas trade, and open the door to capitalism.

  • The rise of Capitalism

    The economic revolution in Europe make them to search new alternatives, and merchants start creating new bussines based on private ownership and the invesment of resources, such as money, for profit and a wealth resource.

  • The change in the new world

    Now that the capitalism was established, the Europeans take advantage of local indigenous of America and african slaves they brought and exploating them for start doing the labor.

  • The evolution of capitalism and socialism

    This is the economic activity actually used in many countries, by many entrepeneurs and companies. But nowadays the manufacturing by hand had been replaced by machines. Also the socialism appears, this concist on reparting equal wealth to everyone, so it can be an equality in the country. This is also used in some places, but the capitalism still predominant.