what historical stage of capitalism came first?

The first historical stage of capitalism is often considered to be "mercantilism," which emerged in the 16th century and lasted until the 18th century. During this period, European nations focused on accumulating wealth through trade, colonial expansion, and the establishment of monopolies. Mercantilism emphasized the importance of a favorable balance of trade and state intervention in the economy to enhance national power. This stage laid the groundwork for the subsequent development of industrial capitalism.