WORLD HISTORY

Detailed explanation-1: -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-2: -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-3: -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-4: -What economic changes came during the Commercial Revolution? Supply and demand began to control markets and prices rather than the more traditional concept of a fair price. How did the “putting out” system work? This system separated capital labor for the first time.