how has the global economy taken shape since 1500?
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Global economy taken shape since 1500
In 1500 century the economical conditions of the Europe are mainly high. By 1500 the population of Europe in most was increasing after two centuries for declines. In this century the Europe merchants discovered new countries for their own business.
In this century they got unique idea of production. It was the time of early capitalism where most of the people are lower class and very poor. And some people were very rich. In that time financial crashes were common.
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