Identify the technological and economic innovations that facilitated the Commercial Revolution.(1 point)%0D%0AResponses%0D%0A%0D%0Anavigational technology, joint-stock companies, banks, and exploitation%0D%0Anavigational technology, joint-stock companies, banks, and exploitation%0D%0A%0D%0Anavigational technology, joint-stock companies, banks, and insurance companies%0D%0Anavigational technology, joint-stock companies, banks, and insurance companies%0D%0A%0D%0Anavigational technology, joint-stock companies, banks, and loans%0D%0Anavigational technology, joint-stock companies, banks, and loans%0D%0A%0D%0Amercantilism, joint-stock companies, banks, and insurance companies
The correct answer is: navigational technology, joint-stock companies, banks, and insurance companies.
The correct answer is: navigational technology, joint-stock companies, banks, and insurance companies
To identify the technological and economic innovations that facilitated the Commercial Revolution, we can analyze the provided responses.
The first response mentions navigational technology, joint-stock companies, banks, and exploitation. Navigational technology refers to advancements in maritime navigation, such as the invention of the compass, astrolabe, and improved ship designs. These innovations facilitated long-distance trade and exploration. Joint-stock companies allowed investors to pool their resources and share risks and profits, promoting large-scale trade ventures. Banks played a crucial role by providing financial services like lending, currency exchange, and money storage. Exploitation likely refers to the exploitation of new resources and markets in different regions, which led to increased trade and economic growth.
The second response is identical to the first response and includes these same innovations.
The third response mentions navigational technology, joint-stock companies, banks, and insurance companies. This response is similar to the previous ones but adds the inclusion of insurance companies. Insurance companies provided coverage against risks associated with long-distance trade, such as shipwrecks or theft. This helped reduce the fear of trade losses and encouraged more ambitious business ventures.
The fourth response is identical to the third response and includes these same innovations.
The fifth response mentions navigational technology, joint-stock companies, banks, and loans. While similar to the previous responses, it specifically highlights the availability of loans from banks. Loans provided capital for merchants to finance their trade expeditions, purchase goods, and invest in new ventures.
The last response mentions mercantilism, joint-stock companies, banks, and insurance companies. Mercantilism was an economic theory prevalent during the Commercial Revolution. It emphasized a country's accumulation of wealth through increased exports and limited imports. While not explicitly mentioned in the other responses, mercantilism can be seen as an overarching economic ideology during this period.
In summary, the common innovations mentioned that facilitated the Commercial Revolution include navigational technology, joint-stock companies, banks, and insurance companies. Additionally, the mention of mercantilism highlights the economic ideology that shaped the commercial activities of the time.