What was the impact of the Commercial Revolution?
The Commercial Revolution had a number of positive and negative effects in Europe. It increased the financial divide between the lower class and the other social classes in Europe. It also resulted in the proliferation of banks and joint-stock companies.
What was a result outcome of the Commercial Revolution?
As money poured in from this new global trade, Europe continued to transform. The Commercial Revolution also caused a population explosion. Simply put, as wealth flooded the continent, it allowed for larger families. In turn, these larger families created a work force to sustain and grow Europe's new global economy.
What were three effects of the Commercial Revolution?
a rise in population―the population doubled in this period (the demographic explosion) an emergence of large cities (Venice, Florence and Milan had over 100,000 inhabitants by the 13th century in addition to many others such as Genoa, Bologna and Verona, which had over 50,000 inhabitants)
What were the 4 major effects of the Commercial Revolution?
Prominent effects of the Commercial Revolution is marked by an increase in overall trade and,. Banking, insurance, and investment of global expansion that brought immense wealth to many of Commercial. And investment a national economic policy that was designed to maximize exports and imports.
Which was a result of the Commercial Revolution quizlet?
The Commercial Revolution helped bring about the agricultural revolution because the population had grown due to the increase in money, and businesses required more efficient production of raw materials because trade demand had increased.
How did Commercial Revolution lead to the Industrial Revolution?
The commercial revolution of the late Middle Ages had already opened up new trade routes and stimulated innovative business practices. The maritime expansion contributed to an accumulation of wealth, growth of the middle classes and a rise of entrepreneurship that fostered the Industrial Revolution.
What was a result of the Commercial Revolution quizlet?
The Commercial Revolution helped bring about the agricultural revolution because the population had grown due to the increase in money, and businesses required more efficient production of raw materials because trade demand had increased.
What was an effect of the Commercial Revolution quizlet?
The Commercial Revolution helped bring about the agricultural revolution because the population had grown due to the increase in money, and businesses required more efficient production of raw materials because trade demand had increased.
What is the Commercial Revolution quizlet?
commercial revolution. the expansion of trade and business that transformed European economies during the 16th and 17th centuries. capitalism. an economic system based on private ownership and on the investment of money in business ventures in order to make a profit.
How did the Renaissance lead to a trade and Commercial Revolution?
During the Renaissance, the European economy grew dramatically, particularly in the area of trade. Developments such as population growth, improvements in banking, expanding trade routes, and new manufacturing systems led to an overall increase in commercial activity.
What was the Commercial Revolution quizlet?
What was the Commercial Revolution? A time in which new business practices* developed and changes in European society took place as the result of increased trade.
How did the Renaissance lead to trade and Commercial Revolution?
During the Renaissance, the European economy grew dramatically, particularly in the area of trade. Developments such as population growth, improvements in banking, expanding trade routes, and new manufacturing systems led to an overall increase in commercial activity.