Commercial Revolution
The Commercial Revolution refers to the period of economic transformation that occurred in Europe during the 16th and 17th centuries. It was characterized by the growth of international trade, the development of capitalism, and the establishment of global trading networks. This era saw the rise of mercantilism, the expansion of European empires through colonization and exploration, and the emergence of new financial instruments and institutions. The Commercial Revolution had a profound impact on the economies of Europe and the rest of the world, laying the foundation for the modern global economy.