Question

Which of the following was the most significant feature of trade during the proto globalisation stage?

• A. Trade expanded across the countries.
• B. All business activities were owned by the state.
• C. Trade largely became a private venture.
• D. Public investment was the main source of capital.

Answer 1

The correct option is C Trade largely became a private venture.

The proto globalisation state is marked by the rise of the maritime European empires. In terms of trade, the most significant feature was the growth of private trade. Various new trading companies evolved during this period, such as the British East India Company and the Dutch East India Company.