Commercial revolution was the name given to the transformation of the European economy as a result of changes in business procedures and increasing trade.
Why was the Commercial Revolution important?
Through trade, commerce, and investment, the Commercial Revolution aided in bringing Europe and the rest of the world closer together. It spread the influence of Europe to other nations, who then influenced Europe in terms of food, clothes, and other goods.
What were the 4 major effects of the Commercial Revolution?
An increase in overall trade is one of the most notable results of the Commercial Revolution. The globalization of banking, insurance, and investment has made many Commercial people extremely wealthy. A national economic strategy called investment was created to enhance imports and exports.
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