answersLogoWhite

0

Feudalism, characterized by the exchange of land for military service and loyalty, created a largely agrarian economy that limited trade and commerce. However, as population growth and urbanization occurred during the late Middle Ages, the demand for goods and services increased, leading to the decline of feudal structures. This shift facilitated the rise of a market economy, paving the way for the Commercial Revolution, which emphasized trade, the establishment of merchant classes, and the development of banking and financial systems. Ultimately, the transition from feudalism to a more commerce-driven society marked a significant turning point in European economic history.

User Avatar

AnswerBot

1w ago

What else can I help you with?

Related Questions

How did the commercial revolution contribute to the decline of feudalism and manorialism?

because walrus


Which best describes the economic differences between European feudalism and later economic models that emerged in Europe following the Commercial Revolution?

The European middle class was more powerful after the Commercial Revolution than it was under feudalism.


Which best describes the economic differences between European feudalism and later economic models that emerged in Europe following the commercial revolution?

The European middle class was more powerful after the Commercial Revolution than it was under feudalism.


During the commercial revolution the joint stock company was developed to meet the needs of mercantilism or communism or socialism or feudalism?

mercantilism


When did the commercial revolution occur?

The Commercial Revolution occurred in the 1600's.


12 Which did the National Assembly do during the French Revolution?

Ended Feudalism


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

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


How did commercial revolution change Europe?

The commercial revolution led to an expansion of What_were_the_effects_of_the_commercial_revolution_on_Europethrough much of the world.


The Commercial Revolution helped lead to the Industrial Revolution because during the Commercial Revolution?

Number 2. New forms of bus. were deve.


The National Assembly declared the end of feudalism in?

The moderate phase? In France during the french revolution


Was the french revolution a real revolution?

Yes, it instated a new type of government (got rid of feudalism) and solved the food problem for a lot of people.


What was one major difference between the Commercial Revolution and the Industrial Revolution?

The Commercial Revolution led to the adoption of mercantilism in Europe, while the Industrial Revolution contributed to the end of mercantilism.