Commercial Revolution | Encyclopedia.c…
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The ‘ commercial revolution ’ was important for its effects upon the British economy and the British state. It was buttressed by protective mercantilism, especially by the navigation laws; its result was the accumulation of capital from foreign trade and ultimately lower rates of interest than might have prevailed without this expansion. The Textile Industry Flourished People from the East brought spices and textiles to Europe ... The Growth of the Banking Sector One of the most important things about the Commercial Revolution was the rise of banking. ...
The Textile Industry Flourished People from the East brought spices and textiles to Europe ...
The Growth of the Banking Sector One of the most important things about the Commercial Revolution was the rise of banking. ...
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