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Explain four favorable conditions for the advancement of capitalism in the late 18th and 19th centuries.

1. Industrial Revolution: The rise of mechanized production methods, leading to increased efficiency and productivity.
2. Urbanization: The movement of people from rural areas to cities, providing a large labor force and creating new markets.
3. Technological Innovation: Inventions and improvements in technology that boosted production capabilities and economic growth.
4. Expansion of Trade: The growth of global trade networks, facilitating the exchange of goods and capital across borders.

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Final answer:

Four conditions favorable for the advancement of capitalism in the late 18th and 19th centuries.


Explanation:

Four favorable conditions for the advancement of capitalism in the late 18th and 19th centuries were:

  1. Access to resources and markets: Large-scale industrial enterprises were constructed to utilize resources from regions like the Americas, leading to global trade.
  2. Emergence of democratic political systems: Political revolutions in countries like America and France resulted in the rise of representative democracy.
  3. Social mobility: The shift from feudalism to capitalism allowed for greater social mobility based on merit and hard work.
  4. Technological advancements: The industrial revolution further fueled the growth of capitalism by introducing new technologies and increasing production efficiency.

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