MUHAMMEDSALIH
Answered

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2.Explain the impact of commercial revolution (16 th century ) in Western Europe.

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The correct answer to this open question is the following.

The impact of the commercial revolution (16th century ) in Western Europe was the following.

The commercial revolution's impact was that it generated a big competence between European countries in trade. The rules of trade and commerce dramatically changed due to the Columbian exchange and all the goods, raw materials, and natural resources were affected due to this competence between European nations, supply, and demand.

The commercial revolution also saw the beginning of financial institutions and the surge of banking institutions that coined money and made loans.

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