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●Capitalism (proto-capitalism) began to rise in the 15th century●It is an economic system in which a market economy is geared toward the maximization of profit●Encouraged individuals and governments to find new and better ways to make money●Including exploration●Financial institutions became more stable●Marine insurance reduced risks by investors●Banks became safe (and fast) places to store and borrow money●Renaissance encouraged civic improvement and technological advancement as well as the sharing of information

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