What economic changes came during the Commercial Revolution

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Related Topics

What economic system did the Commercial Revolution create?

What is the Commercial Revolution? European nations competed for overseas markets, colonies and resources. New economic systems emerged: Mercantilism.

What are 3 outcomes of the Commercial Revolution?

The effects of the Commercial Revolution include:.
Uneven economic gains that benefitted the higher and middle classes of Europe more than the poor lower class..
Inflation..
Necessity of more banks..
Creation of industries, which in turn caused increased specialization..

What happened during the Commercial Revolution?

For starters, the Commercial Revolution was a period of European economic expansion, which began in the 16th century. The catalyst for this expansion was Europe's discovery and colonization of the Americas. As trade routes grew between the New World colonies and Old World Europe, the European continent was transformed.

What social changes did the Commercial Revolution cause?

The Commercial Revolution brought inflation, the stock exchange, and the modern banking system. The most essential feature of the Commercial Revolution was trade, made possible by European exploration. Capitalism emerged as a result of the Commercial Revolution.

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