The period from 1450 to 1750 in Europe is known as period of com­mercial revolution

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The period from 1450 to 1750 in Europe is known as period of com­mercial revolution. During this period Europe underwent great economic transformation. In this transformation the commerce and activities of the merchants played a vital role.

The rise of capitalism and shift from the town to the territorial state greatly contributed to this commercial revolu­tion. In fact it would not be wrong to describe commercial revolution as the first phase of the capitalistic economic system. During this phase the economy in Western Europe became nation-centered instead of town-cen- tered and commerce came to play a dominant role as the producer of wealth.

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