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 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
the exchange of goods, diseases, and ideas that resulted from contact between the New World and Old World
the influx of silver that resulted in economic turmoil for European nations
the influx of silver that resulted in economic turmoil for European nations
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1 answer
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.
The Commercial Revolution refers to the period of European economic expansion, colonialism, and mercantilism which spanned roughly from the 11th century to the 18th century, characterized by the rise of a capitalist economy, the establishment of new trade routes, and significant developments in banking and financial practices.
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