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The Answer is The commercial revolution of the High Middle Ages was a period of significant economic and social change in Europe. It was characterized by the growth of trade and commerce, the development of a money economy, and the rise of a merchant class. This period saw the expansion of trade routes, the establishment of trade fairs and markets, and the growth of towns and cities as centers of economic activity.

One of the key consequences of the commercial revolution was the transformation of the European economy. The increased trade and commerce led to the growth of a market economy, where goods and services were bought and sold for profit. This shift from a feudal economy based on agriculture to a more diversified and specialized economy had far-reaching effects on European society.

The commercial revolution also had a significant impact on social structures. The rise of a merchant class challenged the traditional social hierarchy, as merchants and traders accumulated wealth and power through their economic activities. This led to the emergence of a new social order based on wealth and commerce, rather than birth and land ownership.

The commercial revolution also had important consequences for political and cultural developments. The growth of trade and commerce led to the rise of powerful city-states and the decline of feudalism. This shift in power from the countryside to the cities had a profound impact on the political and cultural landscape of Europe.

In conclusion, the commercial revolution of the High Middle Ages was a period of significant economic and social change in Europe. It transformed the European economy, challenged traditional social structures, and had far-reaching consequences for political and cultural developments. This period laid the foundation for the modern economy and society, and its effects can still be seen today.

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