Effects of the Commercial Revolution
In the third and the second millennia B.C. long-distance trade supposedly had the character of an expedition. By the start of the last millennium B.C., however, a new approach to engaging in such trade emerged. Based on the principle of colonization, it was pioneered by the Phoenicians and Greeks, who established colonies along the Mediterranean Sea. The new approach to long-distance trade, known as the commercial revolution, led to changes in a number of political and economic patterns.
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