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 were the 4 major 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 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 effect of the 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 were the effects 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 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 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.
Why did the Chinese stop sailing?
In addition to political motivation, the new emperor had financial motivation. The treasure fleet voyages cost Ming China enormous amounts of money; since they were not trade excursions, the government recovered little of the cost. ... For all of these reasons, Ming China stopped sending out the magnificent Treasure Fleet .
Why did China’s economy song flourish?
The economy of Song China flourished due to increased production, expanding trade networks, and innovations in agriculture and manufacturing .
What innovations contributed to the Chinese commercial revolution quizlet?
What innovations contributed to the Chinese commercial revolution? The northerners’ shift to rice provided more food , thus, creating a larger population. Paper money was first founded in China for its lighter weight. Iron and steel was huge during this time period.
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.
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 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 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 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 was an effect of the Commercial Revolution group of answer choices?
Increased production of food led to an increase in population , (1000-1300 Europe’s population doubled). As the # of ppl increased so did demand.
