The story

History Dictionary

History Dictionary

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From the economic, social and ideological point of view there are numerous definitions for the term. It is generally a system characterized by unlimited production of goods; aimed at profit; creates in people the need for consumption; and in which there are profound social inequalities. For some authors, the origins of capitalism lie in the 16th century, with maritime and commercial expansion in Europe. Its consolidation began in the late 18th century, with the Industrial Revolution - a process that enabled the mass production of goods in industries and the formation of large consumer markets. Gradually, several countries became capitalists, becoming societies that tend to value, for example, the profit accumulation of capital and consumption.

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Old Age or Antiquity