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Question
the impact of the commercial revolution could be most felt in which realm?
there was a social impact; the merchant class grew and towns and cities became more populated.
there was a trade - related impact; the increase of global trade had an enormous effect on the old and new world.
there was an economic impact; the birth of the banking system, growth of capitalism and companies dramatically increased the wealth of nations.
there was an environmental impact; the increased movement of goods and people drastically changed the environment.
The Commercial Revolution's core defining feature was the transformation of economic systems: it spurred the development of modern banking, laid the foundations for capitalism, and saw the rise of chartered trading companies that directly boosted national wealth. While social, trade, and environmental impacts existed, the most profound and central effect was the large-scale economic restructuring.
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There was an economic impact; the birth of the banking system, growth of capitalism and companies dramatically increased the wealth of nations.