The origins of capitalism in Europe emerged sometime after the 1000's as a form of "merchant capitalism " in the Middle Ages . It was only with the Industrial Revolution that trade capitalism was transferred to all branches of business. Industrial capitalism grew due to the growth of world trade, in which Holland and England, in particular, were leaders. This development began in the 17th century with the growth of trade and the establishment of chambers of commerce, trading companies (such as the East India Company) and colonialism (imperialism). Then production was gradually established on a larger scale, as a prelude to the industrial revolution. This led to the fact that self-employed craftsmen became hired workers.

After the Industrial Revolution of 1750 and in the following years, this development accelerated, and the class of poor wage workers who sold their labor grew.

The division of the historical development of capitalism can be:

Free Competition Capitalism (Liberalism) of the 1840s
Controlled capitalism, social market economy or mixed economy (Keynesianism) of the 1950s.
Global Capitalism of the 1970s

Development represents a transition from traditional capitalism to institutional capitalism. Traditional capitalists who owned their businesses are being replaced by corporations in which other companies and the public sector have dominant ownership rights.

In the capitalist market of companies and clients, there are various criteria that need to be followed in order to maximize the results of companies. In North America, where initially companies were impersonally owned and managed by hired expert leaders, a typical post-war capitalism developed, in which the goal of corporate governance was to maximize the return on investment (ROI) of owners.

In Europe, it has developed, especially since the 1970s., social capitalism aimed at maximizing not only the owners' dividends, but also the benefits to society, employee participation and environmental considerations have become important business goals. Recently, both equity capitalism and social capitalism have been facing a challenge from consumer-oriented client capitalism (consumer capitalism) in the face of increased consumer power and consumer choice in the face of stronger competition. Homemade porn USA.