Major Economic Changes During the Transition from Feudalism to Capitalism

The transition from feudalism to capitalism brought about significant economic changes that shaped the way societies operated. One of the major shifts was the rise of merchant capitalism, where merchants played a central role in trade and commerce, accumulating wealth through business ventures and investments.

Another key change was the shift to wage labor, where workers were paid for their labor rather than tied to the land as serfs under feudalism. This led to the growth of capitalism as entrepreneurs could hire labor for wages and expand their businesses.

Throughout this transition, there was a notable expansion of markets as trade routes opened up, allowing for the exchange of goods and services on a larger scale. The growth of capitalism and the expansion of markets laid the foundation for the economic developments that would eventually lead to the Industrial Revolution.

In conclusion, the transition from feudalism to capitalism brought about major economic changes such as the rise of merchant capitalism, shift to wage labor, growth of capitalism, and expansion of markets. These changes set the stage for the modern economic systems that we see today.