What was the beginning of the development of capitalism in Western Europe in the late 15th – early 16th centuries?

This process is largely associated with the beginning of the New Age and the Great Geographical Discoveries. The development of capitalist relations can be defined on the basis of the accumulation of capital. This happened, among other things, during the plundering of the resources of open lands overseas. Then they invested in businesses that made a profit. A significant mass of people is being formed, which, as a result of total impoverishment, lost their home and means of subsistence, and therefore were forced to go to be hired to work in such enterprises.