WORLD HISTORY

Detailed explanation-1: -The Commercial Revolution refers to the period between 1450 and 1800 when Europe saw a rise in commerce.

Detailed explanation-2: -The productivity gains of capitalist production began a sustained and unprecedented increase at the turn of the 19th century, in a process commonly referred to as the Industrial Revolution.

Detailed explanation-3: -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.

Detailed explanation-4: -The impact of the price rise or inflation in cost of commodities has been considered by some scholars to be so transformative as it laid the foundations for the capitalist society and economic system of the later period. The term ‘price revolution’ has been used to signify the same.

Detailed explanation-5: -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.