Commercial Revolution


Commercial Revolution

Great increase in commerce in Europe that began in the late Middle Ages. It received stimulus from the voyages of exploration undertaken by England, Spain, and other nations to Africa, Asia, and the New World. Among the features associated with it were a surge in overseas trade, the appearance of the chartered company, acceptance of the principles of mercantilism, the creation of a money economy, increased economic specialization, and the establishment of such new institutions as the state bank, the bourse, and the futures market. The Commercial Revolution helped set the stage for the Industrial Revolution.

This entry comes from Encyclopædia Britannica Concise.
For the full entry on Commercial Revolution, visit Britannica.com.

Seen & Heard

What made you look up Commercial Revolution? Please tell us what you were reading, watching or discussing that led you here.

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More