63.1k views
3 votes
What was the Commercial Revolution?

User Hoborg
by
7.9k points

2 Answers

5 votes
The Commercial Revolution consisted in 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.
User Kweerious
by
8.3k points
0 votes

Commercial Revolution is a term used to refer to the Great rise in business in Europe that occurred in the later phase of the Middle Ages. It experienced inducement from the journeys of a journey initiated by Britain, Spain, and different countries to Asia, Africa, and the New World. Among the characteristics correlated with it remained a wave in overseas commerce, the introduction of the chartered company, recognition of the policies of mercantilism, the invention of a money market, improved business specialization, and the founding of some new businesses such as the state bank. This revolution prepared a stage for the upcoming Industrial Revolution.

User Jwernerny
by
8.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.