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.
Another important change was the increase in population . Better food and more wealth allowed for larger families. The migration of peoples from Europe to the Americas allowed for European populations to increase as well. Population growth provided the expanding labor force needed for industrialization.
What are the effects of the Commercial Revolution?
Among the features associated with it were a surge in overseas trade, the appearance of the chartered company, acceptance of the principles of mercantilism, the creation of a money economy, increased economic specialization, and the establishment of such new institutions as the state bank, the bourse, and the futures ...
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.
How did Europe’s commercial revolution affect the social structure? Merchants, bankers, and capitalists became the middle class and grew in size and economic power . ... This ultimately led to a decrease in population growth and a decreased economic burden for families.
Why did the commercial revolution occur?
The Commercial Revolution was a period of European economic expansion, which began in the 16th century. The catalyst for this expansion was Europe’s discovery and colonization of the Americas . ... As the colonies produced goods, they were only allowed to import and export from their governing European countries.
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 long did the Commercial Revolution last?
The Commercial Revolution was a period of European economic expansion, colonialism, and mercantilism which lasted from approximately the late 13th century until the early 18th century.
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 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 .
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.
How did the Commercial Revolution lead to the Industrial Revolution?
The commercial revolution of the late Middle Ages had already opened up new trade routes and stimulated innovative business practices. The maritime expansion contributed to an accumulation of wealth, growth of the middle classes and a rise of entrepreneurship that fostered the Industrial Revolution.
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 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.
Which is the most accurate list of mercantilism rules?
What is the most accurate list of mercantilism rules? collect gold and silver, export more goods than what one imports , have the colonies provide raw materials, sell manufactured goods from the mother country to colonies.
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)?
