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QuestionWhich of the following best describes the Commercial Revolution?(1 point)Responsesthe “discovery” of the New World that prompted European nations to establish territoriesthe “discovery” of the New World that prompted European nations to establish territoriesthe establishment of new economic, political, and social systems as well as banking and a futures marketthe establishment of new economic, political, and social systems as well as banking and a futures marketthe exchange of goods, diseases, and ideas that resulted from contact between the New World and Old Worldthe exchange of goods, diseases, and ideas that resulted from contact between the New World and Old Worldthe influx of silver that resulted in economic turmoil for European nations

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the establishment of new economic, political, and social systems as well as banking and a futures market

Explanation: The Commercial Revolution refers to the expansion and restructuring of European commerce (capitalism, banking, joint‑stock companies, insurance, markets, colonial trade networks) from the 16th–18th centuries.