Where and when did capitalism originate?
A) Indian Subcontinent (South Asia) in the late nineteenth century
B) Middle East in the eighth and ninth centuries
C) North Africa in the early seventeenth century
D) North America and South America in the thirteenth century
E) Western Europe in the late fifteen and sixteenth centuries

Question

Quizplus · Accepted Answer

Western Europe in the late fifteen and sixteenth centuries is considered the birthplace of modern capitalism, with the emergence of mercantilism and the growth of trade and commerce during the Renaissance period. Some scholars, however, argue that capitalism has earlier roots in ancient civilizations like Greece and Rome.

Where and When Did Capitalism Originate