FAQ: What Was The Commercial Revolution Of The Middle Ages?

What was the purpose of 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 characterized the Commercial Revolution?

Peter Spufford characterizes the Commercial Revolution as one in which fundamental changes took place in the methods of doing business.

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).

What was the Commercial Revolution for kids?

The Commercial Revolution was a period of European economic expansion, colonialism, and mercantilism. This period was marked by the fortunes, and misfortunes, of Spain, which amassed (and lost) approximately 200 tons of gold and 16,000 tons of silver. In 1580, Spain would take control of Portugal.

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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 impact did the Commercial Revolution have?

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 was the time of Commercial Revolution?

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.

What is the difference between the 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. The Commercial Revolution led to the adoption of mercantilism in Europe, while the Industrial Revolution contributed to the end of mercantilism.

What were the causes of China’s Commercial Revolution?

Song Dynasty (960-1279): Commercial Revolution. Economic Expansion. 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. Technological Development.

What was the impact 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.

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When did the Commercial Revolution take place quizlet?

During this period, (1000 CE) Europe experienced a period of economic revival.

What was the Commercial Revolution three worlds meet?

The introduction of new crops and the Commercial Revolution in Europe led to the transfer of goods for African land. The introduction of new animals and diseases to the Americas led to the Middle Passage, a ship route that transported many American Indians to Africa.

What were 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 caused the price revolution?

The resurgence of population after the plague is linked with the demand-pull explanation of the price revolution. This “demand-pull” theory states that an increase in the demand for money and the growth of economic activity produced the rise in prices and a pressure to increase the supply of money.

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

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