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It was NOT the Industrial Revolution, it was the Commercial Revolution.

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Q: Which revolution led to the concept of banking the creation of guilds and the development of capitalism in Europe?
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Related questions

What century did the early development of capitalism and banking occur?

14th century


Which revolution in Europe is most closely associated with the rise of capitalism the formation of guilds and the growth of banking systems?

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Is investment banking capitalism?

Investment banking is a form of capitalism yes. They ability to be involved in investment banking is a right dictated by are free market.


What were essential elements of Commercial Revolution?

The essential elements of the Commercial Revolution were the expansion of trade and exploration, the development of banking and finance systems, the establishment of colonies and mercantilism, and the growth of capitalism. These elements led to increased economic activity, the rise of merchant classes and capitalism, and the integration of economies on a global scale.


What is the main idea of the commercial revolution?

The main idea of the Commercial Revolution was the significant growth in European commerce, trade, and economic activity during the late Middle Ages and early modern period. It brought about changes such as the expansion of global trade networks, the rise of capitalism, and the development of banking systems.


Why does the development of banking during the Commercial revolution in western Europe significant?

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When did capilalsm emerge?

Capitalism emerged during the late Middle Ages and early Renaissance in Europe, evolving from feudal economic structures. The rise of capitalism was marked by the growth of trade, investment in businesses, and the development of banking systems.


Describe a recent development in the Investment Banking industry What implications might this development have for the division to which you have applied?

Describe a recent development in the banking industry. What implications might this development have for the division to which you have applied?


What has the author Wayne Sandiford written?

Wayne Sandiford has written: 'Development banking in the Eastern Caribbean' -- subject(s): Development banks, Banks and banking


What are factors for transition from feudalism to capitalism?

Some would say the Industrial Revolution came between the two and formed the transition. Another view is that mercantilism, which arose during the later half of the Middle Ages, and is exemplified by the activities of the Hanseatic League, and the banking system that arose after the disbanding of the Knights Templar, gave rise to a system sufficiently like capitalism to go by that name.


What are the recent developments in development banking?

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How did the commercial revolution affect trade practices banking and the productions of goods?

Various legal and religious developments in the late Middle Ages allowed for development of the modern banking system at the beginning of the 16th century. Interest was allowed to be charged, and profits generated from holding other people's money.