How did various financial institutions revolutionize business and economics in the seventeenth and eighteenth century europe?

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Finnegan Daniels

History

9 October, 21:22

How did various financial institutions revolutionize business and economics in the seventeenth and eighteenth century europe?

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Finley Walter · Answer 1

Good Morning!

With the rise of industrialization, the formation of large amounts of capital provided the necessary space for the construction of grandiose financial empires, banking institutions, and new means of exercising economic power. Financial institutions, then, became partners of the great capitalists, establishing their space in the world market.

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