economies grew larger as societies grew and became more complex.
The ancient economy was based on subsistence farming.and
the first stamped coins were minted around 650-600 BC.
the exchange of goods occurred through social relationships.
There were traders who bartered in the marketplaces.
The ancient state developed economic systems such as stamped coins, exchange of goods. In Medieval times, there were also occurred exchange within social groups.and In the 15th century, the discoveries of america is the foundation for a global economy.
The European captures became branches of the European states, the so-called "colonies".
capitalism history
Capitalism as a system developed incrementally from the 16th century on in Europe.
Capitalism gradually spread throughout other parts of the world. In the 19th and 20th centuries, it provided the main means of industrialization throughout much of the world.
The origins of modern markets can be traced back to the Roman Empire where the earliest forms of merchant capitalism.
The economic system employed between the 16th and 18th centuries is described as mercantilism.nation tried to control the trade through custom duties and taxes in order to protect their national economy. During the Industrial Revolution,
the industrialist replaced the merchant as a dominant actor in the capitalist system.
my opinion
after read this article I learned about mercantilism and ancient economy system.
and I was interested that U.S government played a larger and larger role in passing antitrust laws and regulation of industrial standards for key industries of special public concern
Q.
if the U.S government had not controlled their nation economy in the mid-19th century,
what would happpen to the U.S economy situation?
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