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Commercial Revolution
YES
If the company is
successful, the investor
receives his share of the
profits.
Triangular
trade made
some
continents
wealthy
while it
impoverished
other
continents.
European kings
Increased their
wealth and power
through conquest and
colonization
While European Kings and capitalists
increased their wealth, Native American
Indians and Africans were terribly exploited.
Effects of Commercial
Revolution
The Price Revolution (Inflation): Owing
to the sharp increase in the amount of
money available with no corresponding
increase in supply of goods demanded
Growth of Capitalism: brought about by
increased trade, which led to the
emergence of entrepreneurs and business
class devoted to the goal of making profits
E. Napp
Effects of Commercial
Revolution
Development of new business
methods: new ways of creating wealth
were developed like bookkeeping and joint
stock company
Emergence of the Putting-Out System:
merchants provide the raw materials to
workers; workers produce goods and paid
for their work; merchants sell the products
E. Napp
Reminder: Final Exams Next
Week
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