The Commercial Revolution
The commercial revolution in Europe was a result of the worldwide globalization that occurred due to the exploration starting in the 1400’s. Ideas such as capitalism, and joint-stock companies came into effect, along with inflation. It was a chain of cause-and-effect from the first voyage of Columbus to the Columbian Exchange of plants, animals, and ideas, to the rise of the middle class.
The rise of capitalism was one of the first visible effects of exploration. Because of the valuable goods found in the newly discovered lands, trade became a booming investment. Europe, the Americas, and Africa, were being connected by the Columbian Exchange, making the merchants who conducted this trade very rich. Merchants were making their profits from individual ownership of goods, which is how capitalism is defined. This class of merchants, called the “middle class,” grew larger and more powerful, spurring the rise of capitalism. The middle class became entrepreneurs, people that owned......
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