From the years 1000 to 1300, Europe’s population nearly doubled. This demographic growth led to urbanization , which in turn led to the Commercial Revolution, as Europe became involved in trading around the world. Europe also developed a more sophisticated monetization system during this period.
How did the Renaissance lead to trade and a Commercial Revolution?
During the Renaissance, the European economy grew dramatically, particularly in the area of trade. Developments such as population growth, improvements in banking, expanding trade routes, and new manufacturing systems led to an overall increase in commercial activity.
Who was involved in the commercial revolution?
Commercial Revolution, Great increase in commerce in Europe that began in the late Middle Ages. It received stimulus from the voyages of exploration undertaken by England, Spain, and other nations to Africa, Asia, and the New World .
What was the impact on the Commercial Revolution?
The Commercial Revolution also caused a population explosion . Simply put, as wealth flooded the continent, it allowed for larger families. In turn, these larger families created a work force to sustain and grow Europe’s new global economy.
What were three results of the Commercial Revolution?
a. Increased Imports and World Trade
1. Western Europe imported many commodities from the New World and the far East: potatoes, tomatoes, peanuts, chili peppers, avocados, squash, pumpkin, Indian corn (maize), tobacco, chocolate, cane sugar, tea and quinine. Some of these items were new to western Europe.
Who started the commercial revolution?
Commercial Revolution, Great increase in commerce in Europe that began in the late Middle Ages. It received stimulus from the voyages of exploration undertaken by England, Spain , and other nations to Africa, Asia, and the New World.
What were the causes of China’s commercial revolution?
The economic upturn was chiefly propelled by improved agricultural technologies ; the use of the abacus, gunpowder, and new printing techniques; the growth of domestic and foreign trade; and the development of a money economy.
When did the Commercial Revolution start?
The Commercial Revolution consisted of the creation of a European economy based on trade, which began in the 11th century and lasted until it was succeeded by the Industrial Revolution in the mid-18th century. Beginning with the Crusades, Europeans rediscovered spices, silks, and other commodities rare in Europe.
What was one major difference between Commercial Revolution and the Industrial Revolution?
The Commercial Revolution shifted European workers away from farms, while the Industrial Revolution caused a majority of Europeans to return to farms .
Why did merchants start investing in the arts?
In short, we could say that the fundamental motives behind businessmen’s art investments were piety, prestige and pleasure . ... These motives must be connected with the cultural framework in which the merchant families were embedded.
What social changes were caused by the commercial revolution of the Middle Ages? The use of money caused serfs to pay for the land in rent rather than with labor . A new middle class of people appeared: merchants, traders, artisans. Women were allowed to carry on trade and buy and sell their own property.
How did the commercial revolution increase the power of monarchs?
How did increased trade increase the power of the king? The King was able to tax the trade coming into their lands, increasing their wealth and power . Why would workers now have to be paid (as opposed to serfs who were unpaid)?
What was an effect of the commercial revolution quizlet?
The Commercial Revolution helped bring about the agricultural revolution because the population had grown due to the increase in money, and businesses required more efficient production of raw materials because trade demand had increased.
What was the most significant effect of the commercial revolution in Europe?
One of the most prominent effects of the commercial revolution was mercantilism . The ‘commercial revolution’ was important for its effects upon the British economy and the British state. Firstly, the discovery of the sea routes to both Asia and America provided a great fillip to the expansion of European commerce.
How did the commercial revolution bring wealth to many towns and cities?
How did the commercial revolution bring wealth to many towns and cities. It made trade more important which brought wealth.
What was the commercial revolution three worlds meet?
communities were devastated, the population declined, families were torn apart, and slave trading was claimed even more African lives. What was the Commercial Revolution? ... introducing new crops and the decimation of the native population in the New World leading to the enslavement of many people from Africa .
