Which of the following best describes the Commercial Revolution?(1 point)

Responses

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 “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

1 answer

The response that best describes the Commercial Revolution is:

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

The Commercial Revolution marked a period of European economic expansion, colonialism, and mercantilism from the late Middle Ages into the early modern period, characterized by the development of new financial practices and trade networks.