Question

Which of the following best describes the commercial revolution?

Exchange of goods, diseases, and ideas that resulted from contact between the new world and old world
The “discovery” of the New World that prompted European nations to establish territories
Influx of silver that resulted in economic turmoil for European nations
Establishment of new economic, political, and social system, as well as banking in a futures market

Answer 1

[AI-generated answer — Bot GPT 3.5]

Establishment of new economic, political, and social system, as well as banking in a futures market

Answer 2

[AI-generated answer — Step-by-Step Bot]

The commercial revolution can be best described as the establishment of a new economic, political, and social system, as well as the development of banking and futures markets. It refers to the significant changes in trade, commerce, and industry that took place in Europe during the 16th and 17th centuries. It involved the expansion of global trade, the exploration and colonization of the New World, the rise of mercantilism, and the growth of capitalism. This period also witnessed increased exchange of goods, diseases, and ideas resulting from contact between the New World and the Old World. However, the commercial revolution did not specifically involve the influx of silver that resulted in economic turmoil for European nations, nor was it solely about the "discovery" of the New World that prompted European nations to establish territories.