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explain why the capitalist system developed in europe?

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The Trans-Atlantic slave trade and plantation wealth were some causes of growth of the capitalism in Europe.

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That is correct. The exploitation of Africa by taking direct control over land (colonialism) in combination with the profits gained from the transatlantic slave trade allowed Europe to develop further from their accumulated wealth. This allowed for the capitalist system to expand and flourish in Europe.

The forced flow of people and material from Africa resulted in great wealth in Europe. The profits gained from the transatlantic slave trade and then later from the exploitation of Africa by taking direct control over the land (colonialism) were used to develop the West.

Did you know?

Did you know that the capitalist system developed in Europe as a result of several historical and economic factors? During the Middle Ages, Europe experienced significant changes in its economic and social structure. The decline of feudalism and the rise of towns and cities created opportunities for trade and commerce. Merchants began to engage in long-distance trade, bringing goods from distant lands. This expansion of trade set the stage for the development of capitalism. Furthermore, the Renaissance and the Age of Discovery stimulated intellectual curiosity and exploration, leading to advancements in science, technology, and navigation. These advancements, coupled with the accumulation of wealth through trade, provided the necessary conditions for capitalism to flourish. Additionally, Europe's unique political landscape, with numerous independent states and city-states, fostered competition and innovation. This environment allowed for the emergence of private enterprise and entrepreneurship, where individuals or groups could own and invest in businesses for profit. The emergence of capitalist ideas and practices was also influenced by influential philosophers, such as Adam Smith, who advocated for free markets, private property rights, and limited government intervention. These ideas gained traction and provided a philosophical basis for the capitalist system. In summary, the capitalist system developed in Europe due to factors such as the decline of feudalism, the rise of trade and commerce, advancements in science and technology, a competitive political landscape, and the influence of influential thinkers.