What led to the development of capitalism in the middle ages?

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What led to the development of capitalism in the middle ages? What events or practices led to it?

Sep 30th, 2015

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Capitalism came into full effect when the Gild System collapsed. With this came two systems that characterized the rise of capitalism

  1. The factory system - Rich merchants collected equipment in a factory (warehouse), outsourced raw materials, hired workers for pay only and they ignored production modules, thus making the compete rather than co - operate
  2. Putting - out System - Merchants rented the needed  equipment to peasant families, sell them raw materials, then purchase the finished goods.


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Sep 30th, 2015

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Sep 30th, 2015
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Sep 30th, 2015
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