HISTORY
NEW GLOBAL CONNECTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The European economy underwent great changes in basic economic practices.
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Traders began using advertising to convince people to buy goods.
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Peasants revolted and demanded factory work instead of farming.
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Improvements in ships allowed traders to travel great distances.
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Detailed explanation-1: -The Commercial Revolution was a period of European economic expansion, colonialism, and mercantilism which lasted from approximately the late 13th century until the early 18th century. It was succeeded in the mid-18th century by the Industrial Revolution.
Detailed explanation-2: -Events that took place between 1450 and 1800 are known as the “Commercial Revolution”. These events marked a transition from a mostly slow economy in mediaeval Europe into a more rapidly evolving system that was more dynamic.
Detailed explanation-3: -From the years 1000 to 1300, Europe’s population nearly doubled. This demographic growth led to urbanization, which in turn led to the Commercial Revolution, as Europe became involved in trading around the world. Europe also developed a more sophisticated monetization system during this period.
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.