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China ascended in the global community as the country with the fastest sustainable economic growth when it decided to become open to foreign businesses and investors.
This started when it implemented a free-market reform act which helped in an increase in its Gross Domestic Products by almost 10 percent thereby making it a big force in the global economy.
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As a part of the Missouri Compromise, Congress had prohibited slavery within that territory.
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This system uses the investment of money, or 'capital', to produce profits. ... This wealth – sometimes called 'capital' – had to be invested somewhere. It was used to pay for the industrialisation of Europe. So the transatlantic slave trade and plantation wealth were the major causes of the growth of capitalism in Europe.
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