The rise of the absolutist monarchies was closely associated with the emergence and expansion of a capitalist world-economy.

Question

Quizplus · Accepted Answer

The rise of absolutist monarchies in Europe during the 16th to 18th centuries coincided with the emergence and expansion of a capitalist world-economy. Absolutist states played a key role in establishing the conditions for capitalism through centralizing power, creating legal systems conducive to trade and property rights, and investing in infrastructure and colonial expansion, which facilitated global trade and the accumulation of capital.

The Rise of the Absolutist Monarchies Was Closely Associated with the Emergence