Economic:
- Rise of capitalists.
- International economic dependence.
- Improved standard of living.
- Increased Agricultural productivity
- Laissez Faire economies.
Political:
- Adoption of democracies.
- Liberal political atmosphere.(Liberalism)
- Rise of new political ideologies like Socialism, Marxism, Anarchism.
Social:
- New class formation.
- Nuclear Families.
- Increased crime.
- New professions.
Environmental:
- Rise of pollution
- Degradation of Nature-Rivers,Lakes,Forests,etc
- Unsustainable extraction of natural resources.
- Ecological collapse.
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Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century. Mercantilism is based on the principle that the world’s wealth was static, and consequently, many European nations attempted to accumulate the largest possible share of that wealth by maximizing their exports and by limiting their imports via tariffs.
