Modern Capitalism Beginnings

Modern Capitalism Beginnings

Capitalism Beginnings of Modern Capitalism

Two developments paved the way for the emergence of modern capitalism; both took place in the latter half of the 18th century. The first was the appearance of the physiocrats in France after 1750; and the second was the devastating impact that the ideas of Adam Smith had on the principles and practice of mercantilism. (1)

The Capitalism contents in this legal Encyclopedia also include: Capitalism, Capitalism Characteristics, Capitalism Origins, Capitalism Mercantilism, Modern Capitalism Beginnings, Physiocrats, Adam Smith, Industrialization Rise, Capitalism in the 20th Century and Capitalism Future.

Resources

Notes and References

  1. Encarta Online Encyclopedia

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