The commercial revolution revived Europe . It enhanced trade and farming, thus skyrocketing the population and setting the scene for the development of several European countries.
What was the Commercial Revolution and why did it happen?
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.
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 Commercial Revolution quizlet?
What was the Commercial Revolution? A time in which new business practices* developed and changes in European society took place as the result of increased trade . ... Capitalism is an economic system based on trade and capital (money for investment).
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.
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?
John Deer and Ms. Jane Doe . For starters, 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.
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.
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 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.
What were the two most important changes involved in the Commercial Revolution?
Q: What economic changes came during the Commercial Revolution? Economic changes that came during the Commercial Revolution include inflation due to the flood of gold and silver into Europe, the stock exchange , and what we recognize today as the modern banking system.
Who did the Commercial Revolution benefit?
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 transition came from the Commercial Revolution?
What was the Commercial Revolution? The commercial revolution was economic readjustment coursing through Europe after the Americas had been discovered. It was the rise of capitalistic economies and the transition from town centered to nationally centered business .
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 .
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.
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.
