The best description of the Commercial Revolution is the establishment of new economic, political, and social systems as well as banking and a futures market. This period, which took place from the late Middle Ages into the early modern period, was characterized by significant changes in trade practices, the expansion of markets, and the development of financial institutions, all of which transformed European economies.
Which of the following best describes the Commercial Revolution?(1 point) Responses the “discovery” of the New World that prompted European nations to establish territories the “discovery” of the New World that prompted European nations to establish territories the influx of silver that resulted in economic turmoil for European nations the influx of silver that resulted in economic turmoil for European nations the establishment of new economic, political, and social systems as well as banking and a futures market the establishment of new economic, political, and social systems as well as banking and a futures market the exchange of goods, diseases, and ideas that resulted from contact between the New World and Old World
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