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 period marked the rise of new financial instruments and institutions that facilitated trade and investment, leading to increased economic activity and the expansion of markets.
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 emergence of joint-stock companies and the development of modern banking systems.
The emergence of joint-stock companies and the development of modern banking systems.
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.
1 answer
1 answer