Which statement best describes how the fall of the Western Roman Empire led to the development of capitalism? (1 point)

1. It allowed for the Roman double-entry banking to be later introduced to Florence, which helped capitalism to grow in Europe.

2. It allowed for advances in banking that made trade much easier, increasing investment.

3. It allowed for the innovation of backing paper money with silver to ensure its value.

4. It allowed for banks to decide to manage their money more wisely after witnessing the overspending of the Western Roman Empire.

Option 1 is the most accurate statement as it highlights the introduction of Roman double-entry banking to Florence, which played a significant role in the growth of capitalism in Europe. This banking system enabled businesses to keep more accurate financial records, facilitated investment, and laid the groundwork for modern banking practices.