Which of the following was one of the economic changes that took place during the commercial revolution in Europe?

A.

The economy became more controlled by the monarchy.

B.

The government became more involved in regulating economic activities.

C.

The use of the barter system became the only legal method of exchange.

D.

The use of money increased, and a system of credit evolved.

Question

History

Skylar Reese

22 July, 15:21

Which of the following was one of the economic changes that took place during the commercial revolution in Europe?

A.

The economy became more controlled by the monarchy.

B.

The government became more involved in regulating economic activities.

C.

The use of the barter system became the only legal method of exchange.

D.

The use of money increased, and a system of credit evolved.

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Answers (1)

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Anastasia Lester · Answer 1

During the Commercial Revolution, the "use of money increased and a system of credit evolved" (D). The revolution was necessary for the Industrial Revolution to fully take off as industries needed a banking industry for loans and to create stocks for their businesses. Currency allowed for a larger economic system to develop and more consistency in determining worth of items.