FIRST CONTACTS 28000 BCE 1821 CE
THE COLUMBIAN EXCHANGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Businesses across Europe shrunk and withered
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Businesses across Africa grew and flourished
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Businesses across Asia grew and flourished
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Businesses across Europe grew and flourished
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Detailed explanation-1: -The Commercial Revolution brought inflation, the stock exchange, and the modern banking system. The most essential feature of the Commercial Revolution was trade, made possible by European exploration. Capitalism emerged as a result of the Commercial Revolution.
Detailed explanation-2: -The Commercial Revolution led to capitalism. During this important phase in European history, goods and currency were rapidly exchanged, and the fact that goods were available in much larger quantities than in the past allowed for competitive pricing.
Detailed explanation-3: -Trade led to alliances between towns, each town specializing in different crops and relying on each other for their supplies. The distinction between classes became less pronounced as people were trading and able to get exactly what they needed without working quite as hard.
Detailed explanation-4: -The final reason for why the Age of Exploration began is because Europeans of the time were interested in foreign cultures and goods. In general, the Renaissance in Europe caused an expansion of new ideas and new understandings of the world.