Question

What was a significant outcome of the Commercial Revolution that took place in Europe during the late medieval and early modern periods?(2 points) Responses

The emergence of joint-stock companies and the
development of modern banking systems.

A decline in international trade due to increased regional self-sufficiency.

The establishment of feudalism as the dominant economic system.


The prioritization of agrarian practices over commercial activities.

Answer 1

The emergence of joint-stock companies and the development of modern banking systems.