Capitalism Essay Example | Topics and Well Written Essays - 500 words - 2

Capitalism - Essay ExampleTrading, banking and the production of certain goods was done on a capitalistic basis and thrived in and amongst the Ancient Greek city-states. During the era of roman letters supremacy, capitalist methods developed further. The Roman government protected trade, interest rates came down and the standard of living improved. With the collapse of the Roman conglomerate capitalism practically disappeared. After a long period of stagnation, a revitalisation of trade began and commercial-grade and capitalist activity gradually increased as archaean as the 11th century. The Crusades contributed significantly to this revival due to the large scale movement of men and supplies from Europe to the Holy Land. This transport enriched merchants and ship-owners of several Italian cities. Italy, especially Venice, became the leader of this revival of commerce, industry and capitalism. Besides Italy, the Hanseatic League in northern Europe, and numerous otherwise regio ns, such as the Netherlands, also shared in the revival of capitalism by the end of the fifteenth century.At this point further development was hindered by three obstacles 1. The expense of overland travel, 2. An inadequate fork over of gold and silver to serve as a medium of exchange and, 3. The restrictive practices of the guilds. All of these obstacles were to be overcome within the next centuries. The ski tow of the modern nation state was also closely associated with the rise of the modern capitalistic economy. The royal monarchs who created the national states after the Middle Ages made great use of the salary increase middle class in overcoming the feudal nobility. The strength of this middle class lay was in its riches gained through capitalistic enterprises.It was the great voyages of discovery made by mariners in the late 15th and early 16th centuries that opened up the era of capitalist economy on a scale more vast than anything dreamed of began the era of the global economy. So great was this expansion and so significant were the changes it