Which development during the late Middle Ages laid the foundation for capitalism in Europe

the Mercantilism had been one of the major influences of modern capitalism. Although it was not as considered as part of capitalism, it paved the way to trade, banking, finance, accountancy, and other goods and services offered during this era. It was only then when Karl Marx and Adam Smith who had defined the word capitalism through their works such as Marxism and Economic Liberalism. In this, people were able to understand the idea of public and private properties. It also paved the way to social roles of people living in a certain society.

planation:

what are local authorities doing to fix the problem

explanation:

what are local authorities doing to fix the problem

roosevelt essentially took the opposite approach as hoover in taking on the great depression. herbert hoover thought that america and its economy could naturally recover from the depression in due course, so he adamantly restrained the federal government from intervening on behalf of the people affected. on the other hand, roosevelt dramatically increased employment by expanding the federal government and establishing agencies that would aid in relieving some of the country's worst problems.