Quick Answer: How Did The Economics Of The Commercial Revolution Affect European Society?

How did the Commercial Revolution change European society?

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.

How did the commercial revolution help Europe develop a good economy?

Better food and more wealth allowed for larger families. The migration of peoples from Europe to the Americas allowed for European populations to increase as well. Population growth provided the expanding labor force needed for industrialization.

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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How did the commercial revolution impact 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 result of the European 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 the commercial revolution?

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 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.

Which is the most accurate list of mercantilism rules?

What is the most accurate list of mercantilism rules? collect gold and silver, export more goods than what one imports, have the colonies provide raw materials, sell manufactured goods from the mother country to colonies.

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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 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 Renaissance lead to trade and 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 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.

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