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The '''Commercial Revolution''' in [[European]] history was a shaft in the quantity and type of commerce that occurred between about A.D. 1450 and 1700, setting the stage for the [[Industrial Revolution]].  Specifically, the Commercial Revolution consisted of the beginning of a money-based economy with private banks and trading organizations.  It was supported by improvements in marine technology (ships) to travel the high seas more quickly and safely.

The '''Commercial Revolution''' in [[European]] history was a shift in the quantity and type of commerce that occurred between about A.D. 1450 and 1700, setting the stage for the [[Industrial Revolution]].  Specifically, the Commercial Revolution consisted of the beginning of a money-based economy with private banks and trading organizations.  It was supported by improvements in marine technology (ships) to travel the high seas more quickly and safely.

   

   

By the mid-1500s, Europeans had obtained control from Arabs of much of the trade with Asia, whereupon Asian goods flooded the European markets.  Gold and silver then came from the [[New World]], increasing European wealth further.

By the mid-1500s, Europeans had obtained control from Arabs of much of the trade with Asia, whereupon Asian goods flooded the European markets.  Gold and silver then came from the [[New World]], increasing European wealth further.