WORLD HISTORY

Detailed explanation-1: -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.

Detailed explanation-2: -In European history, the Commercial Revolution saw the development of a European economy – based on trade – which began in the 11th century CE and operated until the advent of the Industrial Revolution in the mid-18th century.

Detailed explanation-3: -Economic changes that came during the Commercial Revolution include inflation due to the flood of gold and silver into Europe, the stock exchange, and what we recognize today as the modern banking system.

Detailed explanation-4: -Commercial Revolution, Great increase in commerce in Europe that began in the late Middle Ages. It received stimulus from the voyages of exploration undertaken by England, Spain, and other nations to Africa, Asia, and the New World.

Detailed explanation-5: -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.