Asked by yo mama
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 prioritization of agrarian practices over commercial activities.
The prioritization of agrarian practices over commercial activities.
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 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: Expanded long‑distance trade and accumulation of capital during the Commercial Revolution led to new financial institutions (banks, bills of exchange, insurance) and joint‑stock companies to pool investment for overseas ventures.
Explanation: Expanded long‑distance trade and accumulation of capital during the Commercial Revolution led to new financial institutions (banks, bills of exchange, insurance) and joint‑stock companies to pool investment for overseas ventures.
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