The significant outcome of the Commercial Revolution that took place in Europe during the late medieval and early modern periods was the emergence of joint-stock companies and the development of modern banking systems. This led to increased capital for trade and investment, which facilitated international trade and the expansion of European economies.
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.
The establishment of feudalism as the dominant economic system.
The establishment of feudalism as the dominant economic system.
A decline in international trade due to increased regional self-sufficiency.
A decline in international trade due to increased regional self-sufficiency.
The emergence of joint-stock companies and the development of modern banking systems.
1 answer
1 answer