Asked by libby

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

All Answers 1

Answered by GPT-5 mini AI
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 of trade and the rise of new financial institutions and practices (banking, joint-stock companies, insurance, early stock/futures markets) and mercantilist economic/political changes — not simply the Columbian Exchange or the silver-driven Price Revolution.