Which of the following explains the result of the commercial revolution in Europe, one Spain experience long-term wealth and a comic Power or, two the new World commodities we're banned from Old World Markets or, three the influx of silver cause inflation in European economies or, four global trade exchange decrease
The option that best explains the result of the commercial revolution in Europe is three: the influx of silver caused inflation in European economies. The commercial revolution in Europe was characterized by an increase in overseas trade, the establishment of colonies, and the growth of a global market economy. Spain, in particular, benefited greatly from the discovery and conquest of the New World, which brought a significant influx of silver back to Europe. However, the large supply of silver led to increased inflation in Spain and other European countries as the money supply expanded rapidly. This inflationary effect negatively impacted the Spanish economy in the long run, leading to economic decline and eventual loss of power.
The result of the commercial revolution in Europe can be explained by multiple factors. Let's break down each of the given options step-by-step and analyze their implications:
1. One Spain experienced long-term wealth and economic power:
During the commercial revolution, Spain did experience a period of significant wealth and economic power. This can be attributed to their exploration and colonization efforts in the Americas, which allowed them to acquire vast amounts of gold and silver. This influx of precious metals contributed to Spain's prosperity and dominance in Europe.
2. The New World commodities were banned from Old World markets:
This statement is not entirely accurate. The commercial revolution actually opened up new markets and expanded trade networks, creating economic opportunities for European countries. The introduction of New World commodities, such as sugar, tobacco, and spices, led to increased trade between continents, rather than being banned from Old World markets.
3. The influx of silver caused inflation in European economies:
The influx of silver from the Americas did have an impact on European economies, but it does not fully explain the result of the commercial revolution. The increased availability of silver did cause some inflation in Europe, as the influx of precious metals devalued the currency. However, this inflationary effect only partially affected the overall outcome of the commercial revolution.
4. Global trade exchange decreased:
This statement is incorrect. The commercial revolution was actually characterized by a significant increase in global trade exchange. European nations established vast maritime empires, reaching new territories and establishing colonies around the world. This expansion of trade routes and the exchange of goods and ideas contributed to the growth of European economies and the development of a global trading network.
To summarize, the result of the commercial revolution in Europe was a period of economic growth, wealth, and increased global trade. Spain did experience long-term wealth and economic power due to its colonization efforts, the New World commodities were integrated into trade networks rather than banned, the influx of silver did cause some inflation but it was not the sole explanation for the commercial revolution, and global trade exchange actually increased during this period.