Commercial Revolution

The Commercial Revolution was a period from the 11th to the 18th century marked by the expansion of trade and commerce in Europe. It was driven by exploration, the rise of new markets, and the establishment of colonial empires. Innovations like joint-stock companies, banks, and improved navigation techniques fostered greater economic activity. This era transformed economies from local barter systems to more complex networks of international trade, leading to the growth of cities, a merchant class, and the rise of consumer culture. It set the stage for modern capitalism and significantly influenced global economic structures.