Which of the following explains the result of the commercial revolution in Europe, one Spain experience long-term wealth and a comic Power or, two the new World commodities we're banned from Old World Markets or, three the influx of silver cause inflation in European economies or, four global trade exchange decrease
1 answer
The option that best explains the result of the commercial revolution in Europe is three: the influx of silver caused inflation in European economies. The commercial revolution in Europe was characterized by an increase in overseas trade, the establishment of colonies, and the growth of a global market economy. Spain, in particular, benefited greatly from the discovery and conquest of the New World, which brought a significant influx of silver back to Europe. However, the large supply of silver led to increased inflation in Spain and other European countries as the money supply expanded rapidly. This inflationary effect negatively impacted the Spanish economy in the long run, leading to economic decline and eventual loss of power.