Capitalism as an economic system emerged in conjunction with ________, the European contact with and exploitation and domination of the Native peoples of Africa, Asia, and the Americas.
A) Colonialism
B) Patriarchy
C) Globalization
D) Imperialism

Question

Quizplus · Accepted Answer

The emergence of capitalism as an economic system coincided with colonialism, which involved European powers exerting control over and exploiting the resources and labor of Indigenous peoples in Africa, Asia, and the Americas. This allowed for the accumulation of capital and the rise of capitalist economies. Patriarchy and globalization are not necessarily linked to the emergence of capitalism, and while imperialism is related to colonialism, it is a broader term that includes political and military domination, whereas colonialism specifically refers to the process of settling and exploiting a foreign territory.

Capitalism as an Economic System Emerged in Conjunction with ________