Which of the following best describes the Commercial Revolution?(1 point)

Responses

the exchange of goods, diseases, and ideas that resulted from contact between the New World and Old World
the exchange of goods, diseases, and ideas that resulted from contact between the New World and Old World

the establishment of new economic, political, and social systems as well as banking and a futures market
the establishment of new economic, political, and social systems as well as banking and a futures market

the “discovery” of the New World that prompted European nations to establish territories
the “discovery” of the New World that prompted European nations to establish territories

the influx of silver that resulted in economic turmoil for European nations

the establishment of new economic, political, and social systems as well as banking and a futures market

The best description of the Commercial Revolution is the second one: the establishment of new economic, political, and social systems as well as banking and a futures market.