Why did capitalism replace feudalism in the 16th and 17th centuries in Europe?
| January 15, 2021 | education
During this period of time, great changes are taking place in Europe: a revival in art, new ideas appear in society, geographical discoveries, world trade is developing rapidly, feudalism is declining. In addition, bourgeois revolutions are taking place in European countries, which discard feudalism, which is being replaced by capitalism. The earliest capitalist states were England and Holland. The emergence of capitalism also contributes to the development of manufacturing.
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