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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 was mainly about economic - related changes like the development of banking, growth of capitalism, and increase in national wealth. While there were social, trade - related, and environmental impacts, the economic impact was most significant due to its far - reaching structural changes in the economic systems of nations.
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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.