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The Commercial Revolution led to significant economic growth in Europe, spurring the rise of a capitalist economy characterized by increased trade and commerce. It facilitated the expansion of markets, the establishment of joint-stock companies, and the emergence of a merchant class, which contributed to urbanization and the development of financial institutions. Additionally, it encouraged exploration and colonization, as European powers sought new trade routes and resources, ultimately reshaping global trade dynamics.
What else can I help you with?
Where did the commercial revolution occur?
In Europe
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.
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.
What was the most significant effect the Russian revolution had on Europe?
The most significant effect that the Russian revolution had on Europe was that it made Eastern Europe to experience to an economic failure.
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.
Was market economy a result of the commercial revolution in Europe?
Yes
Which system developed as a result of commercial revolution in Europe?
Market economy
Which system developed as a result of the commercial revolution in europe?
Market economy
What did the the Commercial Revolution in western Europe lead to?
economic fervor
How were the commercial revolution and the undustrial revolution similar?
Both contain the word revolution. I am assuming that undustrial is misspelled. The commercial revolution began the process of transformation in trade and commerce in medieval Europe and is understood to have led to the industrial revolution beginning in the eighteenth century.
How did the dual revolution effect Europe?
It affected it Politically, Socially, And Economically
The Columbian Exchange promoted the Commercial Revolution in Europe by?
Increasing demand for skilled labor.
