Which of the following best describes the Commercial Revolution?

Question

the influx of silver that resulted in economic turmoil for European nations

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 exchange of goods, diseases, and ideas that resulted from contact between the New World and Old World

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 from the late Middle Ages to the early modern period in Europe, characterized by the expansion of trade and commerce and the development of a more global economy. It involved significant changes in economic practices, the emergence of capitalism, banking systems, and the rise of joint-stock companies.