Europe was at the center of capitalism and colonialism.

Question

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Europe played a significant role in the development of capitalism and colonialism. Capitalism grew out of the mercantile system that emerged in Europe in the late Middle Ages, and many European countries established colonies around the world in search of new markets for their goods and raw materials for their industries. This helped to fuel economic growth in Europe and laid the foundation for the modern global economy.

Europe Was at the Center of Capitalism and Colonialism