Which of the following best describes the Commercial Revolution

Question

The establishment of new economic, political, and social systems as well as banking and a futures market
The ‘discovering’ of the New World that prompted European nations to establish territories
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

Answer 1

The option 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 refers to the period of European economic expansion, colonialism, and mercantilism from the 11th to the 18th centuries, which led to the development of new financial systems and practices that laid the groundwork for modern capitalism.