AP European History / Unit 1: Renaissance and Exploration
1.10 The Commercial Revolution
Notes
New economic practices: joint-stock companies, banking, insurance, the putting-out system (cottage industry), and mercantilism. Wealth shifted toward the Atlantic (Antwerp, Amsterdam, London).
Practice
The putting-out system:
Cottage industry.
Joint-stock companies:
Dutch East India Company.
The Commercial Revolution shifted economic power toward:
New trade routes.
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