{"id":35659,"date":"2024-04-06T11:17:18","date_gmt":"2024-04-06T11:17:18","guid":{"rendered":"https:\/\/www.greatassignmenthelp.com\/questions\/?p=35659"},"modified":"2024-04-06T11:17:18","modified_gmt":"2024-04-06T11:17:18","slug":"which-of-the-following-best-describes-the-commercial-revolution","status":"publish","type":"post","link":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-best-describes-the-commercial-revolution\/","title":{"rendered":"Which of the following BEST describes the Commercial Revolution?"},"content":{"rendered":"

Which of the following BEST describes the Commercial Revolution?<\/strong><\/p>\n

A. the \u201cdiscovery\u201d of the New World that prompted European nations to establish territories<\/p>\n

B. the exchange of goods, diseases, and ideas that resulted from contact between the New World and Old World<\/p>\n

C. the influx of silver that resulted in economic turmoil for European nations<\/p>\n

D. the establishment of new economic, political, and social systems as well as banking and a futures market<\/p>\n

Answer: D. the establishment of new economic, political, and social systems as well as banking and a futures market<\/strong><\/p>\n

The Commercial Revolution is a term that refers to the period of European economic and social changes that spanned from the 16th till the 18th century. It had three main features which were the introduction of capitalism type of economy, opening of new financial institutions like bank and futures market, boosting of trade and commerce, and formation of the new economic, political, and social system. This truly was a revolution which created the foundation of modern capitalism and brought the factors like the opening of new trade routes, the influx of precious metals, and the rise of urbanization as well. It opened the way to the transition from the feudal economic system to capitalism, which was a kind of economy built on profit-seeking<\/p>\n","protected":false},"excerpt":{"rendered":"

Which of the following BEST describes the Commercial Revolution? A. the \u201cdiscovery\u201d of the New World that prompted European nations to establish territories B. the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nWhich of the following BEST describes the Commercial Revolution?<\/title>\n<meta name=\"description\" content=\"Which of the following BEST describes the Commercial Revolution? 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