Which of the following historical stages of capitalism came first?

Question

Quizplus · Accepted Answer

The mercantile stage of capitalism, also known as the commercial stage, was the first stage that emerged during the 16th and 17th centuries. It was characterized by trade and commerce, exploration and colonization, and the accumulation of wealth through mercantilist policies. The financial stage emerged in the 20th century and is characterized by the dominance of finance over other sectors of the economy. The industrial stage emerged during the 18th and 19th centuries and is characterized by the rise of factories and mass production. The state welfare stage emerged in the 20th century and is characterized by the government's role in providing social welfare programs and regulating the economy.

Which of the Following Historical Stages of Capitalism Came First