QuestionJuly 4, 2025

The textbook argues that European mercantilism and later capitalism relied on what for its development? a. The place of joint-stock companies x b. The idea of trade specialization c. The place of the Great Silk Road d. Abusive labor practices world-wide

The textbook argues that European mercantilism and later capitalism relied on what for its development? a. The place of joint-stock companies x b. The idea of trade specialization c. The place of the Great Silk Road d. Abusive labor practices world-wide
The textbook argues that European mercantilism and later capitalism relied on what for its development?
a. The place of joint-stock companies x
b. The idea of trade specialization
c. The place of the Great Silk Road
d. Abusive labor practices world-wide

Solution
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Answer

a. The place of joint-stock companies Explanation European mercantilism and capitalism developed significantly due to the establishment of joint-stock companies, which facilitated investment in trade ventures and allowed for shared risk among investors. This was crucial for expanding commerce.

Explanation

European mercantilism and capitalism developed significantly due to the establishment of joint-stock companies, which facilitated investment in trade ventures and allowed for shared risk among investors. This was crucial for expanding commerce.
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