describe the growth of capitalism in western europe
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This system uses the investment of money, or 'capital', to produce profits. It leads to a small upper class of people having the most wealth and the growth of large corporations. ... So the transatlantic slave trade and plantation wealth were the major causes of the growth of capitalism in Europe.
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Capitalism began to develop into its modern form during the Early Modern period in the Protestant countries of North-Western Europe, especially the Netherlands (Dutch Republic) and England: traders in Amsterdam and London created the first chartered joint-stock companies driving up commerce and trade, and the first ...
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