Final answer:
The Commercial Revolution was powered by the discovery of new trade routes, the development of banking and finance, and the emergence of mercantilism.
Step-by-step explanation:
The Commercial Revolution was a period of rapid economic expansion, trade, and colonization that started in the late 15th century. Several events and ideas powered this revolution:
- The discovery of new trade routes, such as the sea route to Asia by Vasco da Gama, opened up opportunities for trade and increased the flow of goods between different regions.
- The development of banking and finance, including the establishment of joint-stock companies like the Dutch East India Company, provided the necessary capital for large-scale trade ventures.
- The emergence of mercantilism, an economic theory that emphasized the accumulation of wealth through exports and the establishment of colonies, influenced government policies and promoted trade and colonization.
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