The Commercial Revolution in Europe began in the 11 century and continue to the first half of the 18th century when the industrial revolution took place and effectively succeeded it.
Europeans began to travel to other lands and they discovery other products like silk and spices that were very rare and exotic in the home land. These in terms, gave the desire to explorers to discover new routes for trade, and establish new commercial enterprises in far away lands.
During this Commercial Revolution newly formed European nations vastly contributed to opening of new businesses and trades, and there was a sharp increased in general commerce practices. Also, other types of services like financing, investing, banking and insurance experienced substantial growth during this period.
Finally, the Commercial Revolution in Europe began very early, and lasted for almost 8 centuries. It was the starting point for many commercial activities which with time got to be more diverse and sophisticated.
