Middle Ages Regents 2025 – 400 Free Practice Questions to Pass the Exam

The Commercial Revolution in Europe, which spanned from the 11th to the 18th century, brought about significant economic changes, one of which was the development of financial institutions. As trade expanded and markets became more complex, there was a growing need for new methods of managing wealth, credit, and investment. This led to the establishment of banks, partnerships, and other financial instruments that facilitated trade and commerce.

Financial institutions provided the infrastructure necessary for mercantilism, supported long-distance trade, and enabled capital accumulation, all of which were essential for the burgeoning economy of the time. The proliferation of banks also allowed for the issuance of bills of exchange and letters of credit, which made transactions safer and more efficient.

The other options may not align with the outcomes of the Commercial Revolution. For example, the middle class actually expanded during this period as merchants and traders amassed wealth, and the manor system became less significant as urban centers grew and trade flourished. Additionally, while bartering was common in earlier economic systems, the Commercial Revolution marked a move toward a money-based economy, reducing reliance on barter.