Question

Which of the following was one effect of Europe’s Commercial Revolution?

Answer 1

The correct answer is A) People invested money in joint stock companies.

One effect of Europe's commercial revolution was that People invested money in joint stock companies.

In the 16yth century, Europe lived an economic expansion. This was known as Europe’s Commercial Revolution. As trade routes grew between the New World colonies and Old World Europe, the European continent was transformed through mercantilism, banking, and joint-stock companies.

What really impulsed this economic expansion was the colonization of the Americas. When this happened, new trade routes made ships to start trading goods from the new continent to Europe. This changed the economic situation in the old continent, allowing people to invest money in joint stock companies and open accounts in banks.