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1400
The Fifteenth And Sixteenth Centuries Encouraged Trade
the expeditions of the fifteenth and sixteenth centuries encouraged trade, especially after the discovery of the New World. As a result, from the fifteenth century to the eighteenth century, capitalism gave rise to a new way of trading called mercantilism that reached its maximum development in England and France, and in which the Government exercised control of production and consumption. -
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Enlightenment
The Enlightenment was a period in history named not for its battles, but for its ideas. Still, the intellectual and cultural changes it introduced certainly contributed to many political revolutions around the world. -
Industrial Revolution
The capitalist model born from the hand of the Industrial Revolution was based on the development of industries thanks to factors such as technological and scientific development or social overcrowding in cities. Compared to the previous model based on the agricultural and livestock model together with a more artisanal industry. -
The Presentation In France Of The Physiocrats
the presentation in France of the Physiocrats and the publication of the ideas of Adam Smith. Both currents were committed to an economic order away from State intervention, an argument that favored the start of the Industrial Revolution, which reached its peak in the 19th century. -
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John Maynard Keynes
The most influential economist in the recent history of capitalism was John Maynard Keynes, in which it is explained that a government can use its power to alleviate, and even eliminate, the cycles of economic expansion and depression linked to capitalism. -
The Biggest Test
The biggest test that capitalism had to overcome came from the 1930s, with the Great Depression. As a result of it, European and American governments began to intervene in their economies to mitigate the own counterparts of capitalism. -
Keynesian Ideas
The combination of Keynesian ideas with capitalism generated a huge economic expansion; however, in the early 1960s inflation and unemployment began to rise in all capitalist economies. Rising energy costs - especially oil - were the main cause of the change. -
The Great Recession
The global economic crisis that began in 2008, which originated in the United States, is known. Among the main factors attributed as causes of the crisis are failures in economic regulation,2 the overvaluation of financial products, a world food crisis, the rise in oil prices due to the invasion of Iraq by the United States3 and the threat of a worldwide recession, as well as a credit-mortgage crisis and confidence in the markets.