The Commercial Revolution in Europe, which occurred roughly between the 11th and 18th centuries, had several significant results. Here are a few key outcomes:
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Expansion of Trade: There was a major increase in trade between Europe and other parts of the world, especially as new trade routes were established and colonialism expanded.
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Rise of Capitalism: The growth of trade led to the development of capitalist economies, characterized by private ownership and the investment of capital for profit.
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Formation of Joint-Stock Companies: These companies allowed for the pooling of capital for large ventures, spreading the risk among many investors and facilitating overseas exploration and trade.
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Increased Wealth for Merchants and Nations: Some regions and individuals became significantly wealthier due to trade, which in turn increased competition among nations for colonies and resources.
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Urbanization: The growth of trade centers and markets contributed to the rise of cities as commercial hubs, leading to greater urbanization.
If you provide me with specific options, I can help identify which one best explains a result of the Commercial Revolution.
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