The qing, mughal, and majapahit empires before the great reversal. When/where was capitalism born: wallerstein et al. : 16th century mercantilism, which created the first globally expansive market, inaugurated the capitalist world-system: brenner et al. Forms of capital: agricultural, industrial, financial (banking, commercial (merchant) Development of trade: asians: 1400: china at the center land-based expansion in china the importance of silver . European expansion for asian connections: significance of india, significance of indonesia. Development of trade: europeans: portuguese power in the indian ocean naval supremacy in the indian ocean posts established at goa, malacca, hormuz, and macao carrying trade within asia and to europe . Trading post empire (curtin): commercial outposts of a small group of traders and settlers along trade routes to facilitate commerce; territory seized for post, trade channeled to it imperial intervention without disruption of existing trade patterns.