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Answer:
Peninsulares were officials born in Europe who held all the important government positions. Creoles were descendants of Europeans born in Latin America and they were treated as second class citizens. Mestizos were offspring of those Europeans who married with Native Americans.
Explanation:
For starters, the Commercial Revolution was a period of European economic expansion, which began in the 16th century. The catalyst for this expansion was Europe's discovery and colonization of the Americas. As trade routes grew between the New World colonies and Old World Europe, the European continent was transformed.