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Mercantilism and Europe

Mercantilism and Europe - Mercantilism and Europe...

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Mercantilism and Europe Capitalism dominates in Europe Western versus Eastern Europe Why feudalism existed for so long : econ. Organization that worked without trade, and the local lord that ensured the security of the servants Different patterns in the west and in the east Commoditization of land and labor begins : west faster , turning these things into commodities, you can buy them and sell them. Feudalism could not sell your labor or buy land When markets started to emerge , they want to make a surplus so you can sell this in the city . the markets happening there . the lords see the capacity to make money so they will exploit this too Land and labor not everywhere Feudalism ending in the West- Second Serfdom in the East East shortage of labor, a lot of land , they are growing grains shipping them to other cities The local aristocrats had the money, if the labor is tradable ( paid for it ) , the servants will make more money, because there is shortage
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