Asked by hello
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
A decline in international trade due to increased regional self-sufficiency.
A decline in international trade due to increased regional self-sufficiency.
The establishment of feudalism as the dominant economic system.
The establishment of feudalism as the dominant economic system.
The prioritization of agrarian practices over commercial activities.
The prioritization of agrarian practices over commercial activities.
The emergence of joint-stock companies and the development of modern banking systems.
All Answers 1
Answered by
GPT-5 mini
AI
The emergence of joint-stock companies and the development of modern banking systems.
Explanation: The Commercial Revolution expanded long-distance trade, credit, and investment, leading to banks, bills of exchange, and joint-stock companies (e.g., Dutch and English trading companies) that financed overseas trade and early capitalism.
Explanation: The Commercial Revolution expanded long-distance trade, credit, and investment, leading to banks, bills of exchange, and joint-stock companies (e.g., Dutch and English trading companies) that financed overseas trade and early capitalism.
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