The Commercial Revolution. On colonization by the Europeans.

The European Exploration established many colonies in Africa and the Americas. A new reservoir of revenue became readily avenue sparking the Commercial Revolution. Raw materials, gold, and other precious metals poured into Europe, eventually becoming manufactured goods. Slaves became a source of cheap labor and many Europeans spread Europe's economic policies when they settled in the colonies. Mercantilism, which stated that a colony's purpose was to benefit the mother country, shaped Europe during throughout the …

…the world.         The Commercial Revolution lasted from the 1400s to present times. It gave rise to mercantilism and eventually planted the seeds that would rid many countries of communism. The face of Europe was changed forever when the Commercial Revolution provided the capital that was needed to start the Industrial Revolution. Today, the Commercial Revolution is still strong with the introduction of Silicone Valley, the era of the information highway, and the world of computers.