He asked himself the question: ‘why did Capitalism develop in these two countries first?’ Protestant Individualism and the Emergence of Capitalismīased on historical observation and analysis, Weber theorized this was because these were the only two countries in which Protestantism was the predominant religion, rather than Catholicism, which was the formal religion of every other European country. Weber observed that Capitalism first took* off in Holland and England, in the mid 17th century. Weber argued that the values of the protestant religion led to the emergence of Capitalism in Western Europe around the 17th century. Calvinist Asceticism and the Development of Capitalism.Protestant Individualism and the Emergence of Capitalism.
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