FAQ: How Did European Exploration And Colonization Lead To The Commercial Revolution?

What caused the commercial revolution in Europe?

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. The Commercial Revolution helped set the stage for the Industrial Revolution.

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 spark European involvement?

The Commercial Revolution introduced new crops to European plantations that required large amounts of labor to harvest. The correct answer is: Europeans began to structure their economies around international trade during the Commercial Revolution.

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What transition came from 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.

Which class of European society benefited most from the commercial revolution?

Western Europe’s middle class – merchants, bankers, capitalists – grew in number and achieved greater economic power. However, the middle class was Page 2 not content. Considered inferior to the landowning nobles and ruled by absolute monarchs, the middle class lacked social status and political power.

What happened during the commercial revolution in Europe?

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.

What was one result of the European 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.

What was one major 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.

What social changes did the commercial revolution cause?

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.

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What are two characteristics of the commercial revolution?

The two characteristics of the commercial revolution that took place during the Ming Dynasty were: Foreign trade with Europe began. Blue-and-white Ming porcelain became very popular. The Ming Dynasty ruled China from 1368 to 1644 A.D., during which China’s population would double.

How did the economics of the commercial revolution affect European society?

How did the economics of the Commercial Revolution affect European society? Investment in the Americas reduced disparities in Europe. Most hired laborers became part of the middle class as their income increased. Gold and silver from the Americas gave rise to a new business class.

How were the slaves sold in Mediterranean countries?

European slaves were acquired by Barbary pirates in slave raids on ships and by raids on coastal towns from Italy to the Netherlands, Ireland and the southwest of Britain, as far north as Iceland and into the eastern Mediterranean. The Ottoman eastern Mediterranean was the scene of intense piracy.

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.

What mercantilism means?

Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).

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