Comment on the nature of trade and exchange in the sixteenth century.

The sixteenth century was a period of great change and growth in the field of trade and exchange. The European world was undergoing profound economic, social, and political transformations, and the economic system of Europe was undergoing a significant shift. The period marked the beginning of the commercialization of trade and exchange and the growth of a new economic system, based on a market economy.

The sixteenth century saw the beginning of the globalization of trade and commerce. The Portuguese and Spanish discoveries of the Americas and the opening of ____ ___ _____ ___ _______ ________.
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