HISTORY
NEW GLOBAL CONNECTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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I don’t know
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Europeans underwent a period of economic growth and change
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None of the above
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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: -Large quantities of gold and silver received from New World mines substantially affected western Europe’s economy. Since these metals served as currency, consumers had more money to spend for goods.
Detailed explanation-3: -The Commercial Revolution was an economic, social, and political revolution that affected cities, regions, and states throughout Europe. It happened because of a number of factors, including the discovery of America, the rise of colonialism, and the beginning of specialization.
Detailed explanation-4: -The Commercial Revolution in Europe marked an important step from Europe being a local economy TO the formation of a truly global economy. People began to produce more goods for sale rather than for their own use. Europe imported goods from the Americas, Ming China, and India.