Question

What was the Commercial Revolution?

Answer 1

The correct answer is C.

The Commercial Revolution was the establishment, by Europeans powers, of an economic system based on enhacing foreign trade that reached its maximum during the Columbian Exchange.

During the 14th and 15th centuries European countries were keen on exploring new trade routes in order to compete with the other trading nations. This was part of the mercantilist approach, in which each country aimed to maximize exports and, ultimately, their reserves of gold and silver.

The relationships established were mostly profitable for the mother country in economic terms. Imperalism and colonialism allowed the entrance of large quantities of precious metals in Europe. Moreover, the colonial system allowed the mother country to consume raw materials, minerals and other resources from the colonies only paying for the costs of their obtention or extraction, and to use them to produce manufactures. Subsequently, they traded the final products in the international markets, becoming powerful exporting nations. They even sold those final products back in the colonies.

Answer 2

The answer isn't A) or A trade war between European countries following the colonization of the New World. It is wrong on the test. I don't know the answer but it is wrong Trust me.