Analyze this timeline illustrating one period of the modern era:
1500
1600
1763
1776
1848
1500s - 1700s: european states establish colonies to act as markets
for manufactured goods.
1600: the british east india
company is founded to finance
british colonial expeditions.
1763: james watt develops an advanced
steam engine, fueling the industrial revolution
1776: adam smith describes the basic ideas
behind capitalism in the wealth of nations,
1848: karl marx criticizes capitalism and promotes
communism in the communist manifesto.
which theme does the timeline most reflect?

Question

06-06-2022
History

contestada

Analyze this timeline illustrating one period of the modern era:
1500
1600
1763
1776
1848
1500s - 1700s: european states establish colonies to act as markets
for manufactured goods.
1600: the british east india
company is founded to finance
british colonial expeditions.
1763: james watt develops an advanced
steam engine, fueling the industrial revolution
1776: adam smith describes the basic ideas
behind capitalism in the wealth of nations,
1848: karl marx criticizes capitalism and promotes
communism in the communist manifesto.
which theme does the timeline most reflect?

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Tundexi Tundexi · Answer 1 · 2022-06-10T13:08:53+02:00

The theme that most reflect the timeline is the "diversity in economic system within the 1600s and 1800s".

What is an economic system?

This refers to the means by which a societies distribute the available resources, services and goods across its region.

The types of economic system includes the socialism (similar to Karl Marx idea of communism), capitalism (as described as Adam Smith) and the Mixed market system (which is a mixture of socialism and capitalism).

Therefore, the theme "diversity in economic system within the 1600s and 1800s" most reflect the timeline of the events.