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To economy has improved supply by a foodstuff. Capitalism has created the new
Company, having imparted to the rural world the world urban, and this process went the complete
Course long before industrial revolution. To the middle of a XVIII-th century the factory
The production system was in the future, but on the majority of criteria Europe for
Centuries of trading capitalism has developed sanguineous system of an economy, which and
Was the successor of feudalism. Improvement of agrarian receptions has created a class
Landless rural workers who not only were suitable for
Alternative kinds of employment, but also required them. At last, in the
Aspiration to riches the West has already surpassed or was made even to all modern
To it or preceding companies.
4. Evolution of the institutes favorable for commerce
Since XV century, in the European trade private dealers dominated,
Which connected difficult and changeable relations with the national authorities.
Something was necessary for trade expansion it, than simply failure from
Medieval struggle against trade on contractual prices. Medieval company
It has been not so well adapted even for the major kinds of the inter-regional
Trade, and for its expansion in XV and XVI centuries it was required to invent or
Old medieval institutes.
Political, and commercial. Among those were: a system of law,
Calculated for acceptance not discretionary, so, predicted decisions;
The bills of exchange facilitating money transmission and allotting credit,
Necessary for commercial bargains; growth of the insurance market; replacement
Any confiscations by the regular taxation - and each of these
Innovations was closely related private property institutions with development.
To large-scale trade became closely within the limits of family firms, in which
Loyalty was kept on related communications. The firm concept as was required
Not which integrity which is distinct from the person of the proprietor and from a family, and which
Would supply a continuity of communications between those who in it works, and was
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