Your assignment is to prepare and submit a paper on economic history. The main changes that have occurred in the development of world economies have changed with the political rise and fall of power.

Your assignment is to prepare and submit a paper on economic history. The main changes that have occurred in the development of world economies have changed with the political rise and fall of power. When the powers change, so do the boundaries that are a part of the economy as well as the parts that are related to the change in the world. The first noted date that was a part of this was in the year 1000, which was based on the Roman power. This power was based on a capitalist structure, which was always known to create the basis of the economy. The trades that occurred moved throughout both sides of Europe as well as into Africa as the central arena. Different places were built specifically for commerce and were matched with the levels of power that were in each nation as well as the expected trades that were associated with this (Braudel, 17, 1982).

The main rise and fall in power also led to changes within the world economy. The year 1500 was one of the noted dates, specifically as Venice became the central arena with developments around the Mediterranean because of the rich resources and trading centers in the area. The access to Venice was also easier to reach, making it a conducive area for trade. The area went through both Europe and Africa and reached ports that were from India, which provided more opportunities for trade. By 1775, another change occurred, with the capitalist structure being based in European trade and extending to the English, Dutch, Spanish, Portuguese and French. The concept of Western Europe as the main power was combined with the change in powers by the royalty of the time. The demand was to explore and conquer new areas which led to an expansion in the world economy and trade in places such as the Far East and eventually into the Americas.