Question

What economic factors and principles contributed to the success of europe's commercial revolution ?

Answer 1

The following economic factor contributed to the success of Europe commercial revolution:
1. The discovery of the sea routes to Asia and America. This provided a great opportunity to the expansion of European commerce.
2. The rise of the banking institution. 
3. The formation of the trading companies, which was encouraged by the government.<span />

Answer 2

Answer:

The correct answer to this question: What economic factors and principles contributed to the success of Europe´s commercial revolution, would be: 1. Travelling and discovery of new routes and new continents, 2. Colonialism and 3. Mercantilism.

Explanation:

The reason for these three answers come from learning about that one period in Europe that changed not just the continet´s fate, but that of the entire world; the Commercial Revolution. The Commercial Revolution started in the 16th century, and it opened up with the travels in search of new sea and land routes that would reopen the markets towards the far East, and especially, India. This quest for those routes, led, invariably, towards colonialism, which meant the finding and settling, by European powers, of the newly discovered land, and the management of its resources. This was particularly the case of the discovery and settlement of the Americas, which not only re-opened the commerce possibilities, and brought into Europe large amounts of new resources, but it also forced changes in all matters in life, including the economic and political spheres. Finally, because of the input of so many resources, and the opening of these new trading opportunities, European powers organized themselves into trading companies, and mercantile organizations, that controlled not just the newly colonized lands, but also became power builders in Europe itself, dictating a lot of the new policies and regulations in the old continent.