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Commercial revolution
A dramatic change in the economy of Europe at the end of the Middle Ages. It is characterised by an increase in towns and trade, the use of banks and credit, and the establishment of guilds to regulate quality and price.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: History
- Category: World history
- Educational Institution: New York State Board of Regents
- Product: Regents Exams
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