Title: The Commercial Revolution

Essay Details

Subject: History
Author: Wendell G
Date: March 18, 2014
Level: University
Grade: A
Length: 2 / 473
No of views: 0
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Essay text:

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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