In the 1600s England was relatively poor compared to other European countries, provoking increased problems and poverty in cities like London. One option would be to invest in the New World colonies, but fearing the usage of royal money in a risky venture, they opted to start joint-stock companies to get funding from different sources.
Joint-stock company became one of the foundations for modern corporatism, creating the ideas of stock markets, capital and risk. These trading ventures proved to be successful and successfully developed British settlements with private investors.
With U.S economic culture dependent on capitalism and increased influence of U.S.A over the world and downfall of communism led to increased influence of capitalism.
Travelers and messengers spread the art of iron working. -Iron working was spread through trade. Iron working technology led to the expansion of agriculture. Iron-working technology intensified warfare between communities due to the production of iron weapons.
