What effect did the decline of feudalism in the 16th century have on the beginnings of capitalism?
Answers
Feudalism which began in the 12th century, saw beginnings of it decline during the 16th century. This was mainly due to travels and trade routes which opened up during this period. New avenues of income opened up to the people who were otherwise chained down, working under the nobility.
This wealth created a new system called Capitalism. Under capitalism, the country’s rich, owned industry and trade.
The correct answer is option C.
Internal conflicts between the feudal lords led to the breaking down of the feudal system.
Surplus wealth by nobility and unnecessary expenditure like that on war and luxury consumption.
Market theory, Marxists and Demography were the 3 main pillars which led to the decline of feudalism in the 16th century and rise of capitalism.
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