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The Commercial Revolution
The European Exploration established many colonies in Africa and the Americas.
A new reservoir of revenue became readily avenue sparking the Commercial Revolution.
Raw materials, gold, and other precious metals poured into Europe, eventually becoming
manufactured goods. Slaves became a source of cheap labor and many Europeans spread
Europe's economic policies when they settled in the colonies. Mercantilism, which stated that a colony's purpose was to benefit the mother country, shaped Europe during
throughout the revolution.
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- The Commercial Revolution
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