Question

What was the Commercial Revolution? a trade war between European countries following the colonization of the New World the decrease in global trade between Europe, the Americas, and Africa an enormous change in the rules of commerce due to the Columbian Exchange the replacement of colonialism with mercantilism

Answer 1

Answer:

The Commercial Revolution consisted of the creation of a European economy based on trade, which began in the 11th century and lasted until it was succeeded by the Industrial Revolution in the mid-18th century. Beginning with the Crusades, Europeans rediscovered spices, silks, and other commodities rare in Europe. This development created a new desire for trade, and trade expanded in the second half of the Middle Ages (roughly 1000 to 1500 AD). Newly forming European states, through voyages of discovery, were looking for alternative trade routes in the 15th and 16th centuries, which allowed the European powers to build vast, new international trade networks. Nations also sought new sources of wealth and practiced mercantilism and colonialism. The Commercial Revolution is marked by an increase in general commerce, and in the growth of financial services such as banking, insurance and investing.

Explanation:

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Answer 2

Answer:

The "Commercial Revolution" refers to the events that occurred between 1450 and 1800.

Explanation:

• These occasions signalled the change from a largely sluggish economy in mediaeval Europe to a more quickly developing and dynamic system.
• The term "Commercial Revolution" in this context refers to the expansion of trade and commerce starting in the 15th century.
• Due to its size and meticulous planning, we refer to it as a revolution.
• These nations took the initiative to increase fortify their political and economic might, which is what caused this expansion.
• These nations were Spain, Portugal, Holland, and England.
• For a very long time, Europe traded via land routes with nations in the East like China and India.
• The two largest commercial centres in northern Italy were the cities of Venice and Genoa.
• Due to Italy's control over the trade, people who wanted to purchase spices and silks from the East had to pay a high price for them.
• Portugal and Spain therefore sought a route to the Orient that was free of Italian influence.

Thus, we can see the changes in the trade due to the commercial revolution.

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