HISTORY
NEW GLOBAL CONNECTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entrepreneurs made sure that no new laws imposed taxes or tariffs on businesses.
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Entrepreneurs were more interested in investing in agriculture than in global trade.
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Prices rose as more money, silver, and gold became available.
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Colonies were forced to import raw materials and export manufactured goods.
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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 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 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-4: -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.