The conversation between human and AI assistant.
How did the Commercial Revolution impact Europe's economy?
Did the Commercial Revolution have any long-term effects on Europe's economy?
Absolutely. The Commercial Revolution laid the foundation for the capitalist economic system that we have today, as well as the development of modern industry, banking, and finance. It also paved the way for European colonial expansion and the establishment of global trade networks, which continue to shape the global economy to this day.