Historical perspectives on the development of capitalism are significant as they highlight the evolution of economic systems from feudalism to market-driven economies. The rise of trade routes in the Renaissance period and the Age of Exploration fostered the growth of commerce and the accumulation of wealth. The Industrial Revolution marked a transformative phase, introducing mechanization and increasing production capabilities. These shifts facilitated the emergence of a bourgeois class that influenced political and social structures, contributing to the modern global economy. Understanding these perspectives allows for a deeper grasp of contemporary economic challenges and systems.