What does Commercial Revolution mean?

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. The Commercial Revolution helped set the stage for the Industrial Revolution.

What was the Commercial Revolution quizlet?

What was the Commercial Revolution? A time in which new business practices* developed and changes in European society took place as the result of increased trade. Capitalism is an economic system based on trade and capital (money for investment).

What was the Commercial Revolution for kids?

The Commercial Revolution was a period of European economic expansion, colonialism, and mercantilism. This period was marked by the fortunes, and misfortunes, of Spain, which amassed (and lost) approximately 200 tons of gold and 16,000 tons of silver. In 1580, Spain would take control of Portugal.

How did the Commercial Revolution contribute?

Common Questions About the Commercial Revolution The Commercial Revolution helped to connect Europe with the rest of the world through trade, commerce, and investing. It brought the European influence to other countries, and in turn these countries influenced Europe when it came to food, clothing, and other items.

Who started the Commercial Revolution?

Raymond de Roover
The term commercial revolution was introduced by Raymond de Roover in 1942 [2]; it is used in studies of economic history for epochal changes relating to the history of trade, when commercial innovations were concentrated in a short space of time, thus triggering an advance in the long-term development of trade.

What were three results of the Commercial Revolution?

a. Increased Imports and World Trade 1. Western Europe imported many commodities from the New World and the far East: potatoes, tomatoes, peanuts, chili peppers, avocados, squash, pumpkin, Indian corn (maize), tobacco, chocolate, cane sugar, tea and quinine. Some of these items were new to western Europe.

What was the Commercial Revolution answer?

The Commercial Revolution consisted of the creation of a European economy based on trade, which began in the 11th century and lasted until it was succeeded by the Industrial Revolution in the mid-18th century. Beginning with the Crusades, Europeans rediscovered spices, silks, and other commodities rare in Europe.

How long did the Commercial Revolution last?

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.

What was the time of Commercial Revolution?

The Commercial Revolution consisted of the creation of a European economy based on trade, which began in the 11th century and lasted until it was succeeded by the Industrial Revolution in the mid-18th century.

What year was the Commercial Revolution?

What were three results of the commercial revolution?

Who started the commercial revolution?

What does commercial revolution mean?

Freebase(4.33 / 6 votes)Rate this definition: Commercial Revolution. The Commercial Revolution was a period of European economic expansion, colonialism, and mercantilism which lasted from approximately the 13th century until the early 18th century.

What made the Commercial Revolution?

The Commercial Revolution in western Europe began in 1200. The main reason was the return of gold & silver coinage originally brought by the Romans using bullion mined in the east. The Ottomans prevented trade there and thus stopped bullion entering europe for centuries but after after 1150 silver was discovered in the central European mountains, the black forest and Sardinia.

What were the causes of the Commercial Revolution?

Answer Wiki. The Commercial Revolution, which occurred from the 13th to 18th centuries, was driven by many factors, including a shift of the economic center to Eastern Europe, the rediscovery of spices and rare items and a new trade route around the southern tip of Africa.

What are the effects of commercial revolution?

An equally important consequence of the Commercial Revolution was the Columbian Exchange. Plants and animals moved throughout the world due to human movements. For example, Yellow fever, previously unknown in North and South America, was imported through water that ships took on in Africa.