Responses
New World commodities were banned from Old World markets.
New World commodities were banned from Old World markets.
The influx of silver caused inflation in European economies.
The influx of silver caused inflation in European economies.
Spain experienced long-term wealth and economic power.
Spain experienced long-term wealth and economic power.
Global trade and exchange decreased.
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The correct response that explains a result of the Commercial Revolution in Europe is:
The influx of silver caused inflation in European economies.
The influx of precious metals from the New World, particularly silver from mines in present-day Bolivia and Mexico, contributed to inflation in Europe, a phenomenon often referred to as the "Price Revolution." This increase in silver and wealth affected economies across Europe.
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