In the early modern era, Europeans consolidated previous

economic developments into a new and profitable system of

capitalism, where the central organizing form became the market.
Capitalism provided the key tools for more efficient forms of
overseas expansion. What were the signal capitalist institutions
that underpinned overseas endeavors? How in turn did imperial
expansion promote the further growth of capitalism?
Capitalism is a political, social and economic system in which a
few large companies and wealthy individuals control the property,
including capital assets such as land, factories, money, stock, etc.
Capitalism differs from the previous economic system, feudalism,
because in capitalism labor is purchased in exchange for a salary,
instead of by direct labor force, which was obtained by way of
obligation, task or duty (close to slavery) in feudalism.
With the colonization of America European monarchies achieved a
lot of power, specially the Spanish empire, which became one of
the most powerful monarchies in Europe, and for many, in the
world. This caused that these empire had almost total control over
the exchange of goods between the old and the new world
(Europe and America). One consequence of this control was the
creation of mercantilism by the British Empire. Mercantilism
consists basically in forcing the colonies to trade their goods only
with the colonizer country mainly commercialism being the main
background through which capitalism emerges.
As a consequence of "discovery" of the New World, the
development of capitalism is enhanced both by extracting wealth
of this part of the world, such as the introduction of new
agricultural products in Europe (Pope) that served as the basis for
food the people, which facilitated the formation and sustenance of
the workers, key to the establishment of the Industrial Revolution
in the eighteenth century quotas. Moreover, the "Meeting"
between America and Europe, changed the center of gravity of
world, which until then had been the Mediterranean, scene of the
flowering of the cultures Greek, Roman, Arab and Christian; to
move it to a continent which offered new opportunities for a
decadent humanity. In this sense, America became the territory of
a new utopia. Finally, in relation to the above, it is necessary to

note that the "discovery" occurred at a time of transition from the

Middle Ages to the European Renaissance, when valuations and
feudal behavior with mercantilism faced, and conceptions of the
human being and life of feudalism with the rising bourgeoisie and
Renaissance humanism.