HISTORY
ABSOLUTISM AND REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Scientific Revolution
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Commercial Revolution
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Reformation
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Enlightenment
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Detailed explanation-1: -The Commercial Revolution led to capitalism. During this important phase in European history, goods and currency were rapidly exchanged, and the fact that goods were available in much larger quantities than in the past allowed for competitive pricing.
Detailed explanation-2: -The commercial revolution of the late Middle Ages had already opened up new trade routes and stimulated innovative business practices. The maritime expansion contributed to an accumulation of wealth, growth of the middle classes and a rise of entrepreneurship that fostered the Industrial Revolution.
Detailed explanation-3: -The most essential feature of the Commercial Revolution was trade, made possible by European exploration. Capitalism emerged as a result of the Commercial Revolution. Products and money were rapidly traded during this time in European history.