Conquer the Middle Ages Regents 2025 – Time-Travel Your Way to Success!

The development of capitalism is a significant result of the European Commercial Revolution, which occurred from the late medieval period into the early modern period. This transformation marked a shift from a primarily agrarian economy to one that increasingly involved trade, banking, and investment. As trade expanded, merchant classes grew in power and influence, leading to the establishment of new financial systems, including joint-stock companies and the stock market.

This transition was characterized by an increase in the volume of goods traded, the emergence of new markets, and the creation of more complex economic relationships. Entrepreneurs sought to maximize profits, which is a fundamental principle of capitalism. Additionally, the growth of trade routes and improved navigation technologies facilitated the connection of various regions, further embedding capitalist practices within European societies.

While the other options presented, such as a decline in the spice trade, the destruction of the papacy, and an increased reliance on bartering, do not accurately encapsulate the major economic changes brought about during this period, the rise of capitalism provides a clear understanding of the profound impact of the European Commercial Revolution on society and its economy.

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