Rise of Capitalism, Industrial Revolution, and Labor Movements
Classified in Geography
Written on in English with a size of 2.54 KB
Development of Trade and Capitalism
National and international trade grew as transport improved. Different regions specialized in different products.
Capitalism: Money was invested in industries to grow and produce more money for new investments.
- Leads to more complex companies and societies; people invested capital, and others administered it.
- Companies sold shares, and the stock exchange market developed.
Banks became increasingly important. They provided loans and invested capital. Financial operations became more complex, and banks and businesses began to use checks and letters of credit.
Spread of the Industrial Revolution
Britain's example was followed by other European countries (Belgium, France, Switzerland, Germany).