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Essay

The Commercial Revolution

Essay specific features

 

Issue:

History

 

Written by:

George G

 

Date added:

September 9, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 473

 

Was viewed:

9360 times

 

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Essay content:

Merchants were making their profits from individual ownership of goods, which is how capitalism is defined. This class of merchants, called the “middle class,” grew larger and more powerful, spurring the rise of capitalism. The middle class became entrepreneurs, people that owned private companies, most of which were involved in the booming overseas trade market which had created this new economic system...
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However, sometimes these private companies would need an amount of money the merchants who wanted to found a company couldn’t finance on their own. This spurred the rise of an idea called joint-stock companies. Exploration led to the system of joint-stock companies because colonies such as Jamestown would have never been possible without them...
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