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Marx labeled this period the "pre-history of capitalism". In effect, feudalism began to lay some of the foundations necessary for the development of mercantilism, a precursor of capitalism. Feudalism was mostly confined to Europe and lasted from the medieval period through the sixteenth century.

Capitalism in its modern form can be traced to the emergence of agrarian capitalism and mercantilism in the Renaissance. Thus for much of history, capital and commercial trade existed, but it did not lead to industrialisation or dominate the production process of society.

Capitalism, also called free market economy or free enterprise economy, economic system, dominant in the Western world since the breakup of feudalism, in which most of the means of production are privately owned and production is guided and income distributed largely through the

HISTORY OF CAPITALISM including The origins of capitalism, Chartered companies, Calvinism and capitalism, Speculation, London's coffee houses.

Provide the basis for the rest of the course by examining the development of capitalism as it emerged in the first industrialised nation; Examine, via a history of its development, the basis on which capitalism operates

The History of Capitalism. As part of the Legatum Institute's 'The Culture of Prosperity' programme, the History of Capitalism series was a three-year project that was set up to investigate the origins and development of a movement of thought and endeavour that has transformed the human condition.

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