What was a significant factor that contributed to the development of a capitalist world economy?

The significant factor that contributed to the development of a capitalist world economy was the increased trade in the 15th century. This period marked a transition from localized economies to more expansive trade networks that connected Europe, Asia, Africa, and the Americas. The expansion of trade routes and the establishment of new trade practices facilitated the flow of goods, resources, and capital across long distances. As merchants, companies, and governments began to prioritize profit and investment in trade, they laid the groundwork for capitalist principles and systems.

The increased trade in the 15th century was also linked to the Age of Exploration, where European powers sought new markets and resources, leading to the establishment of colonial economies. These trade activities allowed for the accumulation of wealth, driving further investment in commerce and production. The establishment of mercantilist policies, which aimed to increase national wealth through trade, was a corollary to this significant increase in trade during the period.

Other factors like agricultural expansion or technological innovations in transportation were indeed important for economic development; however, they primarily supported trade rather than acting as the root cause of the capitalist world economy's emergence. While the establishment of democratic governments can influence economic systems, it was not a direct driver of capitalism in this context, especially given that