The financial revolution was a period of time in which financial institutions and practices underwent a significant change. This change ushered in a new era of capitalism and helped to solidify the power of Western empires like the English and Dutch.
During the financial revolution, there was a shift from personal credit and lending to the use of paper money and bonds. This made it easier for people to trade and invest without having to rely on personal relationships. It also helped to create a more stable and liquid market for goods and services.
The financial revolution also saw the rise of stock markets and the development of banking and insurance. This made it easier for people to access capital and to protect their investments. It also helped to make the economy more efficient by making it easier to allocate resources.
Overall, the financial revolution was a major factor in the rise of the Western empires. It helped to solidify their power and to create a more prosperous and stable economy.