Commercial Revolution Flashcards
What does trade do for West Europe
Put them in the center of the world
What rises ?
Population with many new foods
What does the increase of gold and silver lead to?
Inflation (too much welath, little value)
What is another reason for higher costs?
More people = people buying more products
Towards Capitalism? How?
Bankers, credit, more merchants, entrepreneurs
Which class gradually rises?
Bourgeoisie/Middle class
What (industrial) shit increased
Increased manafacturing
What did they spend more money on? what did it lead to?
Reserach, development, science
–> Monarch grows with printing, weapons, textiles, mining and new ideas
What happens when trade if faciliated in cities?
THey GROW (ex: london Paris)
What did they need as trade became worldwide
insurance in everything
LLoyds of London
Insurance company
which countries are LOSERS of trade
Italian city-states, hanseatic league (germany)
