Explain four favorable conditions for the advancement of capitalism in the late 18th and 19th centuries.

1. Industrial Revolution: The rise of mechanized production methods, leading to increased efficiency and productivity.
2. Urbanization: The movement of people from rural areas to cities, providing a large labor force and creating new markets.
3. Technological Innovation: Inventions and improvements in technology that boosted production capabilities and economic growth.
4. Expansion of Trade: The growth of global trade networks, facilitating the exchange of goods and capital across borders.

Question

Answered

Answer :

GinnyAnswer GinnyAnswer · Answer 1 · 2024-08-01T17:47:16-04:00

Four conditions favorable for the advancement of capitalism in the late 18th and 19th centuries.

Four favorable conditions for the advancement of capitalism in the late 18th and 19th centuries were:

Access to resources and markets: Large-scale industrial enterprises were constructed to utilize resources from regions like the Americas, leading to global trade.
Emergence of democratic political systems: Political revolutions in countries like America and France resulted in the rise of representative democracy.
Social mobility: The shift from feudalism to capitalism allowed for greater social mobility based on merit and hard work.
Technological advancements: The industrial revolution further fueled the growth of capitalism by introducing new technologies and increasing production efficiency.

https://brainly.com/question/32942640