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As trade and commerce increased in Europe, the economy transitioned from a primarily agrarian system to a more market-oriented one, leading to urbanization and the growth of cities. This shift facilitated the rise of a merchant class and the expansion of banking and financial systems, which supported larger-scale trade and investment. Additionally, increased trade networks fostered competition and innovation, ultimately contributing to the economic landscape that laid the groundwork for the Industrial Revolution. Overall, this transformation helped integrate regional economies into a more interconnected European market.
What else can I help you with?
Why did the American economy change from a producer durable goods economy to a consumer durable goods economy?
yes
How did the economy change after 911?
badly
How did southern economy change after reconstruction?
The South had developed a more balanced economy after Reconstruction
How market traditional and command economy adapt to change?
A traditional and command economy adapt slowly, a market economy adapts fast.
How can countries that try to change from a command economy to a market economy face?
the need to unionize workers
How did Japan's government change after World War 2?
Japan's military decreased, and industrial economy increased.
How did the economy of the U.S. change in the 1800s?
In the 1800s, the U.S. economy underwent a significant transformation from agrarian-based to industrialized. The introduction of new technologies, such as the steam engine and the telegraph, facilitated the growth of industries and transportation, particularly railroads. Additionally, westward expansion and the rise of factories led to increased urbanization and a shift towards wage labor. This period also saw the emergence of a market economy, with greater emphasis on trade and commerce.
What type of economy does Ireland have?
Mostly public-sector, which the government is attempting to change.
Which of the following describes a major change in the world economy since the mid-20th century?
The United States has greatly increased its import and export levels.
What was business like in 1920s?
Business in the 1920's in the US saw a huge change that resulted into a bust of its economy. There were inventions and productions that increased the general income of the residents.
What was the problem that Russia was facing when Stalin realized that the economy needed to change?
Economy needed to change.
What is the percent change when 18 is increased to 45?
18 increased to 45 is a change of +150%
What did the use of coins in the Persian Empire resulted in?
increased trade and an easier method of payment, a change from the barter method to amoney economy occured, a standardization of prices and payments throughout the land.
What is the most likely outcome of an increased climate change?
An increased climate change is likely to lead to more extreme weather events, rising sea levels, loss of biodiversity, and disruption of ecosystems. This can result in negative impacts on human health, agriculture, water sources, and the economy. It is important to take action to mitigate climate change and adapt to the potential consequences.
How did railroads and immigrants change tn economy?
Railroads significantly transformed the Tennessee economy by facilitating the transportation of goods and raw materials, which boosted trade and commerce. They connected rural areas to urban markets, enabling farmers and manufacturers to reach broader customer bases. Immigrants played a crucial role in this growth by providing labor for railroad construction and other industries, contributing to the workforce and cultural diversity. Together, these elements stimulated economic development, increased productivity, and laid the foundation for Tennessee's industrial growth.
How did the economy change of the south?
the
24 is increased to 90 percent of change?
24 increased to 90 percent of change becomes 450.6.
