Among the features associated with it were a surge in overseas trade , the appearance of the chartered company, acceptance of the principles of mercantilism
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.
What was one result of the European Commercial Revolution?
The Commercial Revolution helped to connect Europe with the rest of the world through trade, commerce, and investing. It brought the European influence to other countries , and in turn these countries influenced Europe when it came to food, clothing, and other items.
What did the Commercial Revolution do?
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.
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.
What are the causes and effects of the Commercial Revolution?
As money poured in from this new global trade, Europe continued to transform. 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 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 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.
What effect did the Commercial Revolution have on European economy?
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 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 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.
How did the Commercial Revolution help motivate?
How did the Commercial Revolution help motivate European explorers during the Age of Exploration? It increased the demand for resources and luxury goods from China and India . ... motivate explorers to seek new trade routes to Asia.
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 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 in England affect peasant farmers?
The Commercial Revolution in England affected farmers and peasants by changing how industries worked ; rather than always working from raw materials...
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 .
